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* >i 



MASSACHUSETTS. 



B. 



Return as Soon as Used. 



6 



J 



PUBLIC DOCUMENT. No. 9. 



THIRTY-FOUBTB ANNUAL EEPOET 



Insurance Commissio ner 



OF TIIK 



Cammonfocdtjj of Massachusetts, 



January 1, 1889. 



PART II. 

Life, Casualty and Guarantee Insurance, 



BOSTON : 

WRIGHT & POTTER PRINTING CO., STATE PRINTERS, 

18 Post Office Square. 

1889. 



it** h* 



TABLE OF CONTENTS. 



; For iiulox to Companies, »ee end of volume.] 



COMMISSIONER'S REPORT. 

Pagi 

Introductory, v 

Level Premium Life [nsarance v 

Massachusetts Business, . . vi 

The Massachusetts Companies, vi 

The Industrial Business, • vii 

The New Law of Valuation of Assets viii 

The Value of Ratios ix 

Court Bonds, x 

The Danger from Stock In Life Companies, xi 

Oaths which are but a l'retence, ... xiv 

Prosecutions for Violation of Law, xv 

Assessment Insurance, xvi 

Fraternal Beneficiary Associations xvi 

The Heretofore Assessment Receiverships, xvii 

Voluntary Closing of Assessment Companies, xxiv 

Assessment Corporations to be Wound up, xxiv 

The Massachusetts Standard Benefit Company, xxvi 

Co-operative Insurance xxix 

Assessment Endowment Corporations, xxxiii 

Appendix : — 

Statistical Tables, Ratios, etc. (Regular Life), xxxvii 

Table A. —Summary of Income, Expenditures, Assets, Liabilities, etc., xxxviii 

Table B. — Ratio of Real Estate and other Investments to Gross Assets, xl 

Table C. — Disbursements in Detail, . . xliv 

Table D. — Ratio of Expenses to mean Amount Insured, . . . xlviii 

Table E. —Claims by Death in 1888, with Ratios, etc 1 

Table F. — Policies Issued, Terminated and Gained in 1888, ... lii 

Table G. — Classification of Policies and Insurance in force, ... liv 

Table H — Policies Ceased in 1888, with Mode of Termination, . . lvi 

Table I. — Massachusetts Business, 1888, lviii 



iv TABLE OF CONTENTS. 



DETAILED STATEMENTS. 

Page 

MASSACHUSETTS LlFB [NSUBANGI Companies, . . . . * . . 1-33 

[N81 RANGE COMPANIES OP O I in.it STATES, 35-161 

Accidbni \M) Gh lbantbb Companies, L63-193 

MASSACHUSETTS ASSESSMENT LlFR AM) CASUALTY INSURANCE COM- 
PANIES 19.5-221 

A88B88MBN1 LlFB AND CASUALTY INSURANCE COMPANIES OF OTHER 

223-249 

Summary of tlie Jiusiness of Assessment Life and Casualty Companies, 251 

Table 1, Assets, Income and Expenditures, 252 

Table 2, Certificates issued, ceased and in force, with Massachu- 
setts l'.usiness 234 

Pratbbna] Beneficiary Associations, 257 

Detailed Statements, 259-285 

Table 1, Title, Location, Officers, 286 

Tahle 2, Income, Expenditures, Assets, Membership, . . . 292 
Life and Accident Companies of Other States, with Amount of Busi- 
ness done by Each 300 

List of Agents and Sun- Agents authorized to act for Life and Accident 

Companies, ... 303 



dtommcmtocaltl) oi IHassadjuscttfr 



Insurance Department, Boston, May 7, 1889. 

7b the Honorable Senate and House of Representatives. 

In accordance with the provisions of law, herewith is sub- 
mitted Part II. of the thirty-fourth annual report of this 
department, relating to life, casualty and fidelity insurance ; 
the tabulation showing in comparison and detail the volume 
and character of business during the year 1888, and the gen- 
eral condition and standing of the several companies transacting 
business in this Commonwealth. The report includes also 
the business of the assessment corporations, and the fraternal 
beneficiary associations. 

Level Premium Life Insurance. 

The wonderful increase in business in 1887, which marked 
that as a memorable year in life insurance, has been exceeded 
by the record of 1888, as the following aggregates of the 
companies transacting business in Massachusetts show : — 



1887. 



1888. 



Policies issued during year, 

Amount issued, . 

Policies in force at close, . 

Amount in force, . 

Gain in number, . 

Gain in amount, . 



165,291 

1512,866,031 

890,938 

$2,413,998,133 

78,818 

$245,951,407 



195,648 

$611,129,847 

980,514 

$2,693,039,976 

89,578 

$279,026,718 



vi REPORT OF THE 

These figures do not include the industrial business of the 
John Hancock, the Germania and the Metropolitan, aggre- 
gating 1,898,787 policies, covering $207,543,264 of insurance. 
The average of all the policies was $3,124, against $3,103 
in the previous year. The amount paid upon 12,332 pol- 
icies, terminating by death, was $36,489,577 ; an increase of 
$4,503,339 over the previous year. It is an instructive 
commentary, that, of 106,070 expiring policies, covering 
$332,103,129 of insurance, only the above-named number 
and amount were from death, and the gain during the year 
was seven and a half times the entire death loss ; on the 
other hand, of the entire number of policies written, nearly 
one-seventh were not taken, and nearly 42,000 of the entire 
number in force lapsed during the year. 

Massachusetts Business. 
There were written during the year, not including industrial 
business, 11,521 policies on Massachusetts lives, covering 
$32,086,673 in insurance ; an increase over the business of 
1887 of 2,171 policies and $5,464,821 insurance. The year 
closed with 69,613 policies and $190,356,534 of insurance in 
force upon Massachusetts lives, exclusive of the industrials ; 
a gain of 5,077 policies and $13,553,816 in insurance, over 
the previous year. Of the total in force, 19,240 policies, 
covering $49,582,944, were issued by the five Massachusetts 
companies ; and 50,373 policies, covering $140,773,590, by 
companies of other States. During the year there was paid 
upon matured claims in Massachusetts $3,850,766, of which 
our domestic companies paid $936,886 ; the total payments 
were (606,259 in excess of 1887; of industrial policies there 
are 184,458 on Massachusetts lives, and in this branch there 
were losses paid to the amount of $375,209. 

The Massachusetts Companies. 

The gain in business on the part of each one of our domestic 
companies is handsome, and considerably over that of the pre- 
vious year; in fact, they secured very nearly their proportion 
of the entire increase of the year. These companies have now 
in force 68,610 policies and $181,006,342 of insurance, not 
including the 256,574 industrial policies of the John Hancock, 



INSURANCE COMMISSIONER. 



vn 



amounting to $29,943,0 52, the latter being an increase of over 
twenty-five per cent, upon the previous year. The gross 
income of the Massachusetts companies exceeded by $2,088,890 
their total expenditures, and their assets were increased 
$2,128,133. 

The careful management of these companies is producing 
gratifying results. 

The Industrial Business. 

This branch of life insurance, comparatively new to this 
country, lias had in other lands a development which best 
attests the public want thereby met. That it has its limitations 
and its dangers, its most earnest advocates attest; but there is 
a held within which it may properly, and with careful restric- 
tions, commendably work. Experience only the more strongly 
commends the suggestion made in this report last year ; that, 
when any company issues a policy of this character, — no matter 
for how small an amount, — with no medical examination, it 
should be forbidden by law from setting up, as a bar to an 
accrued claim, alleged misrepresentation by the applicant as to 
his physical condition. It is the business of the company to 
ascertain whether lives presented for insurance are impaired ; 
and, if it chooses to w 7 aive any pretence of an examination to 
test this vital question, the responsibility should be upon itself. 
Existing contrary practice leads to a wilderness of misunder- 
standing and misrepresentation, with hardships and losses to a 
class of people illy able to bear it. 

The business of the industrial companies is presented as 
follows, in comparison with that of the previous year : — 





1887. 


1888. 




Policies. 


Amount. 


Policies. 


Amount. 


John Hancock, . 
Metropolitan, 
Germania, . 


203,467 

1,345,125 

11,495 


$23,802,502 

147,758,287 

1,274,098 


256,574 

1,632,642 

9,521 


$29,943,052 

176,533,142 

1,067,070 


Total, . 


1,560,087 


$172,834,887 


1,898,737 


$207,543,264 



viii REPORT OF THE 



The New Law of Valuation of Assets. 

Soon after the passage of the law of 1887, providing for 
valuation of the assets of the life companies, the department 
made a valuation of the property of all the companies under 
the rule thereby established, with a view to ascertaining defi- 
nitely whether any necessary hardship would be possible under 
the operation. The result showed that then, with few excep- 
tions, not even the surplus would be affected ; and in most of 
the other cases an investment of the idle cash would easily 
cover the amount affected. 

A valuation is again being made from the schedules of pres- 
ent statements, for the purpose of showing each company the 
effect upon the individual items of its property ; so that, if 
any change is found necessary or desirable, there may be 
ample time to make it before date of next statement. 

The rule of the law separates the property of a life com- 
pany into two distinct parts ; the first consists of the invest- 
ments which go to make up the sinking fund to protect the 
computed premium reserve, and the remaining portion takes 
care of the other liabilities and surplus. The first must be 
composed of securities, each one of which shall be earning at 
least an annual rate of four per cent, upon market or allowed 
value. The basis of premium and reserve calculation is four 
per cent. ; and the sinking fund to protect the reserve must 
logically be of equal amount, and run right alongside of it, at 
an equal rate of improvement. It is not sufficient that there 
-hall be a general average rate of not less than four per cent, 
realized upon the whole sinking fund ; but each individual 
security must go upon its own feet in the march, nor can a 
slothful two-per-cent. piece of real estate be allowed to hang 
upon the skirts of a six-per-cent. bond. 

There arc two tests of value to be applied to investment 
securities: first, as to their moral character, — whether the 
principal is sale and honorable, or speculative and doubtful; 
second, their earning capacity. Of bonds, the income being 
lived, as between those bearing the same rate of interest and 
of equal term to run, the market value is a useful test of their 
relative goodness. Bui stocks, having no guaranteed income, 
are bo much subject to speculation, that market value gives no 



INSURANCE COMMISSIONER. ix 

fixed indication of intrinsic worth as a permanent investment, 
but only the probable cash value for to-day. 

It is not to be doubted that real estate carefully selected and 
improved may form an unexceptionable investment for a portion 
of the funds of a life company ; and, to the extent of buildings 
for office and agency accommodations, this class of property is 
held by nearly all the companies. But the greater part of the 
real estate now owned has been acquired under conditions not 
favorable to judicious selection, and is not of a character which 
a company would voluntarily accept. The very fact of taking 
in property under foreclosure is evidence of its deterioration 
and decline in value ; and the experience is usual, that this kind 
of property is the least productive and convenient of any invest- 
ment. Taking the general history of foreclosed property for 
the last dozen years, there is little doubt that the companies 
would have been gainers as regards condition of investments 
and surplus to-day if not a dollar of real estate had been per- 
mitted to fall into the hands of the company through fore- 
closure, but had been allowed to go to the best bidder, and 
whatever it brought had been promptly re-invested in more 
promising form or locality. "But," it is objected, "it will 
come out all right yet." It cannot, for already the expenses, 
taxes, betterments and loss of interest have, on great amounts 
of this kind of property, more than equalled any present or 
possible prospective value. 

The labor of investing and caring for the great amount of 
property now in hands of the companies and continually increas- 
ing is one of the most difficult and burdensome connected with 
the business. The basis of the premiums of all the life com- 
panies now operating here compels the earning of not less than 
four per cent, upon the reserve assets. While this rate can 
be earned, there will be no need for a change to a lower rate 
of interest in the premium and reserve calculations, and the 
law was intended to test and record from time to time the earn- 
ing capacity of the investments of the reserve. 

The Value of Ratios. 

The propriety of omitting from the statistical tables of the 

report some of the ratios heretofore exhibited has been for 

some time seriously considered, for the reason that they fail to 

convey to the public the meaning intended, and to a consider- 



x REPORT OF THE 

able extent prove a delusion and vexation. In fact, many of 
those which appear in earlier reports have been discontinued 
from time to time, for the same reason. If they were under- 
stood and used only as intended, that is, to show the prog- 
ress OF A PARTICULAR COMPANY FROM YEAR TO YEAR, they 

would be of interest and value ; but the trouble is, they are 
used to compare one company with another, — a thing utterly 
unjust and misleading, unless the plans of business and circum- 
stances of both are alike. For instance, the expense ratio : a 
company pushing actively for business, wdiich may be the very 
best and most proper thing to do under its circumstances, will 
show a greatly increased rate and to much disadvantage with 
another lying comparatively dormant or perhaps slowly fading 
out, and its business lapsing into unprofitable paid-up insur- 
ance, — a condition which must some time be mended at great 
cost if the company is to have a healthy future. Yet the man- 
agement of the latter is held up by the ratios as most sagacious 
and economical, while the former is imprudent and extrava- 
gant ; the facts may show the exact reverse. 

Again, the ratio of death loss : an old company whose busi- 
ness has been confined strictly to life insurance should show an 
increased death rate over a young one or one doing wholly or 
largely an endowment business. Yet an unfavorable and un- 
just comparison is invariably made. 

As before said, if the comparison was confined to a particular 
company's experience and progress, the exhibit by ratios would 
be instructive and valuable ; but, as more often used at present, 
is misleading and harmful. It would, perhaps, be best on the 
whole to present simply the bald facts, and let each one derive 
ratios and draw conclusions in his own fashion; then, if they 
arc inconsistent, or unfair comparisons are drawn, the depart- 
ment would at least be acquitted of any blame for misleading. 

Court Bonds. 
The subject of the logical and adequate reserve to be charged 

upon court bonds issued by the security companies was touched 
upon in the last annual report, and since that time considerable 
discussion has been had in the journals and correspondence 
with this department. In this discussion too much stress has 
been placed upon the hardship which the measure of reserve 



INSURANCE COMMISSIONER. xi 

suggested would impose upon the companies, by requiring them 
to lay aside as unearned premium the whole amount received 
from the insured during the continuance of the contract, appar- 
ently losing sight of the fact that only a small proportion of 
the premium income of any company conducting fidelity busi- 
ness results from this particular class of transactions. So far 
it does not give promise of even making a considerable share 
of the total business, and the requirement to reserve the whole 
premium would not be onerous upon any company having 
a moderate, safe surplus. In fact, it is not easy to see, since 
the expense of conducting this particular kind of business is 
alleged to be so small and the risk of loss nil, why there would 
be a hardship in any event, however extended the business 
might become. The company would simply receive and lay 
aside the premium until the termination of the bond, when the 
premium would be declared earned, and covered into surplus ; 
the trifling expense incurred in the transaction of the business 
could cheerfully be borne by interest of capital for the brief 
time before reserve would begin to be released by expiration 
of bonds, and fall into profits and surplus. 

If this business is to be continued by insurance companies, 
the impression is strengthened that the method indicated last 
year, of charging as reserve the full amount of premium 
received upon the risk until the bond is finally satisfied and 
discharged, should be adopted. 

There is a strong and apparently growing feeling, however, 
that contracts involving the joint custody of securities are not 
germane to the proper subjects of insurance, and should 
not be undertaken by insurance companies at all, but by the 
trust companies, where they naturally belong, and where all 
appliances and accommodations are expressly designed for the 
main purpose of the transaction, — that of safe and convenient 
custody of the estate. It is not insurance, for all insurance, 
as such, disappears at the point where the hazard is removed 
and is replaced by the collateral. 

The Danger from Stock in Life Companies. 
The recent alleged sale and attempted delivery of a majority 
of the stock of the Phoenix Mutual Life Insurance Company of 
Hartford is another of the many illustrations of the danger to 



xii REPORT OF THE 

policy holders of a stock control of the corporation. .This 
company has a guarantee capital of $100,000, which, by its 
by-laws and agreement with policy holders, may receive not 
exceeding six per cent, annual dividends, the balance of the 
earned surplus to belong to the policies. The intending pur- 
chaser is reported and generally believed to have offered 
$501,000 for $50,100 par, being a controlling interest of stock. 
What honorable purpose can be presented as the basis of an 
offer of $1,000 for each $100 share? As an investment, abid- 
ing by the agreement with policy holders, it could pay scarcely 
one per cent. ; the control of official salaries and emoluments 
could hardly make up the balance ; and, unless the securities 
were to be juggled with, the pertinent inquiry, " why," still 
remains. Unless, indeed, the purchase be set down as a 
piece of philanthropy, its consummation could be only disad- 
vantage and cost to the policy holders. True, during a num- 
ber of years past, by the creation from surplus of $300,000 
additional capital, — a process by which this amount of money 
belonging to the policy holders has been coolly transferred to 
stock account, that the management might draw dividends 
thereon, which, if not thievery, is very closely allied thereto, 
— the stock of the Phoenix has been in the receipt of dividends 
to the amount of $24,000 annually, four times the agreed lim- 
itation ; and the would-be purchaser is reported as stating that 
there were methods by which they could be increased to 
$50,000. But the shadow of the Charter Oak and the Conti- 
nental, wrecked by avaricious and unscrupulous management, 
and of the stock operations of the iEtna, rests too darkly 
upon wronged policy holders to make pleasant the contempla- 
tion of a like tendency in another life company. 

The history of the National Life Insurance Company of the 
United States shows how easily may be carried out a scheme 
for transferring a company into the pockets of the holders of 
stock. The speculators who got possession of its property and 
control of its affairs proceeded deliberately and remorselessly 
to wreck it. There were at the time 7,840 policies in force, 
insuring nearly $14,000,000. The assets were $8,891,160, 
liabilities $3,496,631 ; leaving surplus, $394,529. The condi- 
tion was solvent, as shown by official examination, and there is 
not the slightest doubt that its affairs might have been carried 



INSURANCE COMMISSIONER. xiii 

on successfully, and t he rights of every policy holder protected 
to maturity. But it seemed likely to yield larger and more im- 
mediate returns to the stock by closing it out. 

The process commenced by discontinuing the issue of new 
policies, harshly freezing out and forfeiting membership for the 
slightest delinquency, and by every means possible discredit- 
ing the condition of its affairs, in order to alarm or disgust the 
policy holders ; and, when it had become sufficiently unpopular, 
sending out agents to buy up the policies for the smallest pos- 
sible fraction of the reserve. At date of latest return now at 
hand, Dec 31, 1887, the number of policies had been reduced 
to one-third the original number, and the insurance in still 
greater proportion ; but the gain from forfeiting policies and 
from buying up others for less than the legal reserve had raised 
the surplus to $864,f>7!», besides paying the stockholders 
meantime $!)4.">,000 ; an average of £105,000, over forty per 
cent, a year, on the purchase price, which was less than one- 
fourth the par. This process will continue until the number is 
reduced to a handful, when the stock can readily afford to buy 
them up, even at a cost equal to the face of the policy; then 
the whole swag falls in to the operators. 

If such a profit could be made out of the less than four mil- 
lions of the National, in the same proportion, two and a half 
millions should be realized from looting the Phoenix, and the 
price of such a chance would be very cheap at $501,000. 

The JEtna Life, starting with an authorized capital of 
$150,000, never fully paid, has, by cunningly devised plans of 
transferring everything possible to stock, and aided by legisla- 
tive enactment, swollen its capital, without the investment of 
one additional dollar from the stockholders, until it amounts to 
$1,250,000, with permission of further increase to two millions, 
upon which enormous amount ten-per-cent. dividends are paid 
already, equalling nearly one hundred and ten per cent, annu- 
ally upon the entire cash investment by the stockholders, who 
are thus enriched at the expense of the policy holders. The 
following is a pertinent extract from a letter from this depart- 
ment two years ago, in relation to the affairs of the above- 
mentioned company : — 

The commissioner is in full sympathy with opposition to the general prin- 
ciple of allowing stock to ride upon and suck the blood out of life insur- 



xiv REPORT OF THE 

ance. Stock may serve a useful and proper need in the youth of a 
company, in Bteadying it until it gains stability and firmness, and should be 
paid and well paid for its risk and service; but, when it is no longer 
needed, it should be absolutely severed and dismissed, and not be allowed 
to remain an incubus and burden upon the whole future. Services 
rendered to life insurance, as to anything else, should be well and properly 
paid for, but the institution should never be allowed to be used as a 
purely money-making concern by a gang of greedy stockholders, who, in 
violation of law . or in absence of law, have contrived to foist and continue 
themselves upon it. and not only unrighteously squeeze it to pay enormous 
dividends upon the original investment, but even plunder it for more capi- 
tal on which to draw added and endless dividends and rewards for left- 
handed services. This imposition would not be permitted an instant upon 
a savings bank, and the Legislature should permit it on a life company no 
longer than it could pass an Act to compel, if not a restoration of the plun- 
der, at least a jDrevention of its continuance by retirement of the stock. 

The commissioner would not censure the stockholders as individuals, who 
are only human in wishing to hold onto a good thing, if they can ; but the 
principle is monstrous, and should be abated. If it is objected that he has 
no concern with another State's affairs, it must not be forgotten that many 
citizens of this State, whose interests are his official concern, are holders of 
policies in this company. 

It may be true, that danger from this source does not to-day 
confront every stock company ; the control of some is in the 
hands of men who count honor above profit, and whose integ- 
rity is proof against even a multitude of millions. But good 
men die, and other men come into their estates ; and the prin- 
ciple of stock control is wrong to-day and forever. 

It is contended in interested quarters that stock is necessary 
to give stability and firmness to a management and policy ; that 
a mutual company is continually in danger of change through 
the use of proxies in schemes to upset a management. This is 
mere moonshine. In which one of our "Teat and well-managed 
mutual* was ever such a scheme successful? It is history, 
that, while the management of a mutual is successful, there is 
no need nor wish for change, nor could proxy boomers effect 
one ; but, on the other hand, when it becomes obvious that a 
change would be advantageous, it can be and has been made, 
as instances in our own State companies will attest. 

Oaths which are but a Pretence. 

The statute requires that the statements showing the trans- 
actions of insurance companies shall be duly sworn to by the 



INSURANCE COMMISSIONER. xv 

president and secretary ; but there has proven to be <a serious 
omission in the general law regarding oaths, which has per- 
mitted the escape from punishment of a number of rascals. 
When the Continental Life was under investigation in Connect- 
icut last year, it was shown that the annual statement of the 
company presented to the Connecticut insurance department 
was false ; the statement was apparently properly attested by 
the officers under oath.) before a notary whose signature and 
Beal were attached. But, upon trial of the aforesaid officers 
for perjury, the notary was ready to affirm that his certificate 
was false, and that the president and secretary, as a matter of 
fact, never appeared before him and made oath to the truth of 
the statement, and the officials thus escaped punishment. The 
records of the insurance prosecutions show that in at least 
three other cases have guilty officials been enabled to avoid just 
retribution through the same loophole of law. It is slight sat- 
isfaction that the falsehood of the notary or justice of the 
peace may be punished, while the big rascals who have thus 
been permitted to cover up their robbery of policy holders go 
unwhipped of justice. Unless the officers of insurance com- 
panies are in all cases to be put to the inconvenience of person- 
ally appearing before the commissioner, in attestation of their 
statements, there appears to be no method of making sure that 
the oath is not false. The statutes should be so amended that 
persons presenting apparently properly attested papers, to 
which they are required by law to subscribe under oath, should 
be deemed to have legally attested the same, and be debarred 
from setting up in defence that the subscribing oath before the 
magistrate was not taken ; and that, whenever a signature has 
been appended to such an apparent oath, the penalty of perjury 
should attach, whether the oath was or was not actually taken. 

Prosecutions for Violation of Law. 
Since the issuance of the last report, nine complaints have 
been made by the district police, at the instigation of this 
department, for violation of the insurance statutes : one was 
for acting as an agent without procuring a license, three for 
acting as brokers under like conditions, one for organizing and 
conducting an illegal insurance association, and four for solicit- 
ing membership in beneficiary organizations not authorized to 



xvi REPORT OF THE 

transact business in Massachusetts. In every instance the 
parties plead guilty. Two of the last named were Samuel 
Glensor of Lynn, for soliciting membership in the Interna- 
tional Fraternal Alliance and Golden Cycle of Baltimore; and 
Edgar A. Drew of AValtham, for like operations in behalf of 
the American Fraternal Circle of Baltimore, both of these 
being assessment endowment concerns. At the very time 
when these organizations were encouraging these agents in this 

o coo 

violation of law, they were before a committee of the Legis- 
lature, pleading that the Massachusetts statute might be 
changed for their benefit. 

Assessment Insurance. 

During the year four assessment corporations have organized 
in the State, and one has been admitted from another State. 
As elsewhere stated, five have been enjoined, and four have 
voluntarily re-insured their members and ceased to transact 
business. There is urgent need of a revision of the existing: 

o o 

statute, to correspond with the provisions of the fraternal law 
passed last year, and to effect some changes which experience has 
shown to be essential to the best conduct of this class of business, 
and for the protection of the interests of policy holders. 

Fraternal Beneficiary Associations. 

Under the provisions of chapter 429 of the Acts of 1888, 
assessment corporations which do " not employ paid agents in 
soliciting or procuring business, other than in the preliminary 
organization of local branches, and which conduct their busi- 
ness as fraternal societies on the lodge system, or limit their 
certificate holders to a particular order, class or fraternity, or 
to the employees of a particular town or city, designated firm, 
business house or corporation," are separated from the busi- 
ness assessment corporations, under the title of "Fraternal 
Beneficiary Organizations." Except as to the general charac- 
ter of their business, the limit of beneficiaries, and annual 
reports, this law wisely attempts very little supervision or con- 
trol of their affairs. The consideration of the permanency of 
these associations is in no degree essential to an opinion upon 
their present usefulness, when well conducted, in providing 
benefits from which pecuniary obstacles would otherwise shut 



INSURANCE COMMISSIONER. xvii 

out thousands of families, or their worth as educators of the 
mass of the people in the value of the more stable and perma- 
nent forms of life insurance. They are cultivating fields into 
which the great life companies could not profitably enter, and 
their beneficence flows in channels that would otherwise be 
parched and dry. 

Fourteen new associations of this character have, during the 
year, completed their organization, and been certified to the 
secretary of State for the issuance of charters. A consider- 
able number have gone out of existence, — how many, it is 
difficult to determine, owing to the neglect, under the provi- 
sions of the former statute, of many to report. In accordance 
with the Act of last year, these reports are now being generally 
presented, and the list will hereafter be much more complete 
and accurate. In the detailed statements in the present report 
much fuller information than heretofore is published of the 
business of the larger fraternal associations. 



The Heretofore Assessment Receiverships. 

The Home Mutual Aid Association was placed in the hands 
of a receiver July 15, 1886 ; during the past year the adjust- 
ment of its affairs has been completed, and the receiver, 
Charles Steere, made his final report to the supreme court in 
December. The assets of the corporation, including the emer- 
gency fund, amounted to $9,871.66. The expenses of the 
receivership were : receiver's fees, $493.58 ; services of coun- 
sel, clerical work and incidentals, $628.08. There were death 
claims against the corporation to the amount of $45,000; a 
settlement of $10,000 of this was effected by the payment of 
S100 ; upon the remaining amount of $35,000, a dividend of 
25 per cent, was paid. 

In the matter of the Massachusetts Safety Fund Association, 
Charles Robinson, receiver, progress has been made by the 
decision of the supreme judicial court as to the safety fund, 
so called, amounting to some $19,000. The association was 
enjoined in 1885, and the receiver appointed Feb. 8, 1886. 
The safety fund, deposited with the Boston Safe Deposit and 
Trust Company, had been accumulated by the payment of ten 
dollars each from certificate, holders, under the stipulation in 



xviii EEPORT OF THE 

the certificates that the said fund should be deposited in a 
trust company, and further as follows : — 

The association shall, " at the expiration of five years from 
Jan. 1, 1882, if said safety fund shall then amount to one hun- 
dred thousand dollars, or whenever thereafter said sum shall 
be attained, make a semi-annual division of the net interest 
received therefrom, pro rata among all the holders of its certi- 
ficates in force under said system at such times, who shall have 
contributed, five years prior to the date of any such division, 
their stipulated proportion of said fund, by applying the same 
to the payment of their future dues and assessments ; and that, 
whenever said fund shall amount to one hundred thousand 
dollars, all subsequent receipts therefor shall be divided by the 
said association in like manner as the interest. Said associa- 
tion further agrees, that if, at any time after said fund shall 
have amounted to one hundred thousand dollars, or after five 
years from Jan. 1, 1882, if that amount shall not have been 
attained before that date, it shall fail by reason of insufficient 
membership, or shall neglect, if justly and legally due, to pay 
the maximum indemnity provided for by the terms of any cer- 
tificate issued by it under said system, and such certificate 
shall be presented for payment to said association by the legal 
holder thereof, accompanied by satisfactory evidence of its 
failure to pay, after demand upon it, within the time herein 
stipulated for limitation of action, — then it shall be the duty 
of said association to at once convert said safety fund into 
money, and divide the same (less the reasonable charges and 
expenses for the management and control of said fund) among 
all the holders of certificates then in force under said system, 
or their legal representatives, in the proportion which the 
amount of each of their certificates shall bear to the amount of 
the whole number of said certificates in force. And said asso- 
ciation further agrees, that, so long as any certificate of mem- 
bership under said safety fund and endowment system shall 
remain in force, said fund shall be in no wise chargeable or 
liable for any use or purpose except as above mentioned." 

Some time prior to the application for a decree dissolving 
the corporation, several parties holding claims against the 
association had brought suit, one bill in equity had been filed, 
and the safety fund had been attached to satisfy such claims; 



[NSURANCB COMMISSIONER. xix 

at this time no certificate had been in force for the period of 
five vears, and all of the actions were upon certificates contain- 
ing the provisions above quoted; the aggregate amount of 
claims on account of the death of certificate holders was much 
larger than the amount of the safety fund. 

The questions involved in the disposition of this safety fund 
were fully argued before the supreme judicial court. The 
holders of claims contended that the words " Safety Fund " 
were not technical words of trust ; that the association, having 
deposited the funds as agreed, had fully complied with its 
agreement ; that there wa> no resulting trust in favor of the 

• eral policy holders ; that the purpose of establishing the 
fund was in fraud of creditors, and not within the intention of 
the statute ; and that the holders of policies who claim part of 
the fund most first do equity towards the holders of death 
claims. For the certificate holders it was argued, that, as the 
fund belonged in equity to the certificate holder- and not to 
the association, the deposit company could not be charged as 
trustee on suit of a creditor of the association ; that the bene- 
ficiaries of deceased certificate holders have no greater equity 
to demand payment for the amounts for which the certificates 
were issued, than the certificate holders not in default have to 
demand the return of the money held in trust for them ; that, 
as the purpose of the safety fund had failed, and was perhaps 
never a legally warranted fund, they were entitled to have the 
same returned to them, according to their respective rights. 

The opinion of the court was rendered Sept. 4, 1888, by 
Justice Charles Allen, as follows : — 

C. Allen, J. 

The principal questions arising in the present case are as to the 
disposition which shall be made of the safety fund, so called, which 
has been accumulated, and which now amounts to about nineteen 
thousand dollars. 

There is nothing in the statutes of the Commonwealth which aids 
us in determining these questions ; and the determination of them 
must depend wholly upon the terms of the contracts which the 
association made with those who took its certificates. 

These certificates are in two forms ; but no distinct question has 
been presented or arises under the second form of certificate ; and it 
does not appear that there were any claims for losses by death under 



xx REPORT OF THE 

this form ; and only seventy-five dollars went into the safety fund 
from holders under it. The counsel for the certificate holders makes 
no special contention in regard to this amount ; and the questions 
may be dealt with as if the whole of the safety fund came from 
holders of certificates under the first form. 

By the terms of the contract, the safety fund is not in any event 
directly liable for death losses. It is rather a fund for the benefit 
of living certificate holders, than a security for the payment of 
money to the representatives of deceased holders. The certificate is 
explicit upon this point. Upon the death of a member, all that the 
association undertakes to do is to make an assessment upon the 
holders of all the certificates in force at the date of the death, and 
to pay the sum collected thereon ; not, however, in any case exceed- 
ing one thousand dollars. The safety fund was to inure to the 
benefit of members of five years' standing, by having the income from 
it after five years, or after the accumulation should have amounted 
to one hundred thousand dollars, applied to the payment of their 
future dues and assessments. If the association should fail to pay 
the indemnity provided for in the certificate, then the safety fund 
was to be converted into money, and divided among all the holders 
of certificates then in force. It was not to be drawn upon to make 
good the indemnity for a death loss. But there was a further 
express stipulation, that " said fund shall be in no wise chargeable or 
liable for any use or purpose except as above mentioned." 

Now, it is true that the association failed at an earlier period than 
was expressly provided for ; that is to say, it failed before the safety 
fund amounted to one hundred thousand dollars, and before five 
years had elapsed. But, under the clause last copied above, no 
other use is to be made of the safety fund than to apply it as above 
mentioned. 

The persons who make claim for death losses contend that this 
result will be an injustice ; and that the holders of certificates under- 
stood, :ind had reason to understand, that the safety fund was to 
provide :i security for death losses. 

This argument is founded on a statement on the back of the 
certificates that this association will provide material and substantial 
protect ion for the families or other dependents of deceased members, 
by means of the safety fund, which combines an improved plan of 
co-operative protection with a safety fund deposit, thereby rendering 
rill the members and their dependents perfectly secure at the lowest 
lible i.il* 9. But this statement is no part of the contract. It is 
only general Language, not designed to supersede the necessity of 
reading the contract itself. 

There was another notice on the back of the certificate, directly 



INSURANCE COMMISSIONER. xxi 

calling upon the holder to " read carefully all the conditions of this 
certificate," and adding, i% no prison should be a party to a contract 
without knowing nil its conditions." 

However fallacious and visionary the hopes Inspired by this form 
of life insurance might be, and however ill-advised its provisions, we 
find nothing to vary the rights of the parties, as ascertained from the 
terms of the contract into which they have allowed themselves to 
enter. The court cannot act as a Bpecia] providence to protect one 
class in particular, where all are, or may be, losers. All we can do 
is to take the contract as we find it. 

It follows, that, upon the death of a member, no attachment could 
be made of the safety fund, nor any action at law be maintained 
against the association, unless upon a refusal to lay an assessment 
upon the holders of certificates in force. 

The actions which were brought appear to have been brought under 
a misconception that the association had bound itself to pay one 
thousand dollars. It had only bound itself to lay an assessment, and 
to pay over the amount collected thereon. For a refusal to lay 
such an assessment, it may be that an action at law would lie ; but 
the more appropriate remedy would be by a proceeding in equity to 
compel the association to lay an assessment. 

One of the conditions and agreements expressed upon the face of 
the certificate is, that the " person to whom the certilicate is issued 
agrees to pay to said association, upon each certificate that should 
become a claim, an assessment in accordance with the table of 
graduated assessment rates, as printed herein, within thirty days 
from the day on which notice bears date." 

For a failure to make such payment, the certificate would become 
null and void ; that is to say, the security furnished for the payment 
of death losses, and the way in which the safety fund was expected 
indirectly to improve this security, was by ultimately furnishing a 
fund to enable certificate holders to pay their assessments. Such is 
the plain language of the contract, and such is the construction which 
has been given to similar contracts in all the cases but one that have 
been brought to our attention. The single exception is in 

Lueders v. Hartford Life Insurance Company, 4 McCrary, 149. 

But the decision of the district judge in that case is overruled or 
overborne by other decisions. 

Smith v. Covenant Mutual Benefit Association, 24 Fed. Rep. 

685, 688. 
Eggleston v. Centennial Mutual Life Association, 5 McCrary, 484. 
Bailey v. Mutual Benefit Association, Iowa, 27 N. W. Rep. 770. 



xx ii REPORT OF THE 

Newman v. Covenant Mutual Benefit Association, Iowa, 33 

N. W. Rep. 662. 
Ranisbayer v. Union Mutual Aid Association, Iowa, 33 N. W. 

Rep. <".l ) »".. 
In re Protection Life Insurance Company, 9 Biss. 188. 
1 a re Solidarity Association, 68 Calif. 31)2. 
Curtis v. ]\lutual Benefit Life Company, 48 Conn. 98. 

The various attachments, therefore, must all be dissolved, and the 
claimants for death losses will take nothing from the safety fund in 
consequence of the death of the holders of the certificates under 
which they claim ; and the safety fund must be divided among all 
the holders of certificates in force, or their legal representatives, in 
the proportion which the amount of each of these certificates (that 
is, the certificates of each) bears to the amount of the whole number 
of such certificates in force. The date to be adopted in taking this 
account will be the date of the filing of the bill of the dissolution of 
the association ; namely, Nov. 3, 1885. The subsequent proceedings 
in the cause relate back to that time. 

Atlas Bank v. Nahaut Bank, 23 Pick. 480, 489. 
Mayer*!;. Attorney-General, 32 N. J. Eq. 815. 

It must therefore be ascertained, by reference to a master, if neces- 
sary, what was the whole amount of certificates then in force, and 
the amount of the certificates then held by each holder, so that each 
may receive his percentage of the net amount to be divided. 

Certain matters of detail may be mentioned, with a view to avoid 
further questions. 

The legal representatives of holders of certificates who died with- 
out having incurred any default, and who have not had any benefit 
from an assessment, though not entitled to maintain any claim upon 
the safety fund, in consequence of such death, will share in the 
division of the safety fund with the other holders of certificates in 
force. 

By the third condition upon the certificates, the same were to be 
null and void if either the monthly assessments or the payment of ten 
dollars towards the safety fund were not paid to the association on 
the day due. The monthly dues, by the second condition, are twenty- 
live cents on each certificate for the expenses, payable on the first 
<lav ol* each mouth so long as the certificate remains in force. This 
payment for expenses means the expense of carrying on the business 
of the association, and would cease to be due when the association 
ceased to carry on busine 

If, then, the association stopped business on May 20, 1885, as we 



INSURANCE COMMISSIONED. xxiii 

infer from the averments of the bill, — though the fact is not dis- 
tinctly stated, and nowhere clearly appears in the papers before us, 
— a certificate would not be forfeited by the failure to pay the 
monthly dues after thai date. 

In respect to the payment of ten dollars towards the safety fund, 
it might happen that the year from the date of the certificate had not 
expired on the 3d of November, L885, so that the holder was not in 
default on that date. In such ease, in order that his certificate may 
be treated :is then in force, so as to entitle him to share in the 
division of the safety fund, it must be made to appear that the pay- 
ment of ten dollars was made within a year, though after that date, 
as it would he manifestly contrary to the true intent of the contract 
to allow holders to share in the division of the Bafety fund who had 
Contributed nothing towards it. Non-payment of any assessment duly 
math' prior to Nov. .">, 1885, within thirty days from the date on 
which the notice of such assessment bears date, would invalidate a 
certificate. This implies, however, that due notice of such assess- 
ment was given, as provided in condition No. 4. 

By the terms of the certiticate, the association, upon a division of 
the safety fund, was to be entitled to the reasonable charges and 
expenses of the management and control of said fund, and this 
amount must he ascertained by the master, as directed by the single 
judg 

It is to be observed that only so much is to be retained for this 
purpose as will pay the reasonable charges and expenses for the 
management and control of said fund, which was all deposited with 
the Boston Safe and Deposit Company ; and under this head the general 
expenses of the association are not to be included, or, at any rate, 
no more than would be a proper proportion for the management and 
control of said fund. 

It has been suggested by the receiver that assessments for death 
losses may now be made under an order of the court. In answer to 
this, it is sufficient to say that none of the holders of claims for 
death losses have made any application either to the association or to 
the court for such assessment ; and, besides, it is expressly found, 
by the justice before whom the case was heard, that it would be futile 
to attempt to obtain any money with which to pay death claims by 
means of general assessments. 

This relieves us from the necessity of entering upon the considera- 
tion of the question whether, under other circumstances, the court could 
or would order such assessments to be laid in the course of winding up 
an association of this peculiar character, and how far such a method 
of proceeding should be carried out, — a question clearly somewhat 
difficult. See in re Protection Life Insurance Company, 9 Biss. 188. 



xxiv REPORT OF THE 

A decree will be entered, directing the Boston Safe and Deposit 
Company to transfer the safety fund to the receiver, to be divided in 
pursuance of the foregoing opinion ; and the reasonable costs and 
expenses incident to this litigation may be allowed by a single 
justice out of the fund. 

Decree accordingly. 

Voluntary Closing of Assessment Companies. 

During the year the membership of the Eastern Associates, 
incorporated in 1882, was reinsured in the Massachusetts 
Benefit Association ; and, except as to the final disposition of 
the emergency fund, the affairs of the corporation have been 
closed. 

The Fraternal Aid Association of Worcester, incorporated in 
1881, reinsured its membership in the same corporation, its 
emergency fund was transferred thereto, and the corporation 
ceased to exist. 

The Commonwealth Life and Accident Insurance Association 
of West field, Lyman R. Sperry, president, was incorporated 
Aug. 18, 1888; before the year closed it had issued 7,317 
certificates, covering $19,736,000 of insurance ; but the sudden 
growth proved so unstable that, upon the levy of an assessment 
at the beginning of the present year, 4,305 members neglected 
or refused to make payment. The members remaining Feb. 

8, 1889, were reinsured in the New England Accident Associa- 
tion of Boston ; all the claims to that date were paid, and the 
corporation ceased to exist. 

The Postmasters' Union of Holbrook was incorporated Aug. 

9, 1888, E. Francis Lincoln, president ; no certificates were ever 
issued, and the corporation is dead. 

The question as to transferring to the Bay State Beneficiary 
Association of Westfield, which reinsured the members of the 
Equitable Mutual Belief Society of Boston, the emergency 
fund of the latter, is yet undetermined by the supreme court. 

Assessment Cokporations to be wound up. 

Upon the relation of the commissioner to the Attorney- 
General, application was made to the supreme judicial court, 
representing that the Massachusetts Belief Association of 
Boston, John Pearce, president, had failed to pay just claims, 



INSURANCE COMMISSIONER. xxv 

and that its liabilities exceeded its resources. An injunction 
was issued October 1<>, and Homer Alhers was appointed 
receiver to close its affairs. Subsequently, Geo. L. Huntress 
was appointed master for the examination of claims. Under 

date o( March 2.°), 1888, the receiver states that the cash ass< 
of the corporation, including the emergency fund of $526.20, 

amount to $81().02. Claims have been presented to tin 1 amount 
of $21 A 85.20, and seven additional claims with no statement 
of the amount. The officers of the association have also put 
in claim- for alleged services, cash advanced and merchandise 
furnished, to the amount of $4,692.76, and seven additional 
like claims with amounts not stated. Under decree of the 
court, the time for presentation of claims has passed, and the 
master is now engaged in examining the evidence in th< 
already before him. It is clear that the dividend will be 
infinitesimal. 

The Provident Mutual Association of Boston, William II. 
Towne, president, which it was attempted to build upon the 
wreck of the rascally People's Benefit Association, came to 
grief before its first birthday. It was enjoined October 19, 
for failure to deposit its emergency fund, as required by law. 
Homer Albers was appointed receiver. The emergency fund 
and all the assets seem to have mysteriously and unlawfully 
disappeared ; and the receiver reports that he is able to find 
nothing in the way of assets but a doubtful claim against a 
person of even more doubtful pecuniary responsibility. It is 
safe to consider the affairs of this corporation closed. 

The Provident Fraternity of Boston, Julius L. Oarke, 
president, was enjoined on the same date, also for violating the 
law by neglecting to deposit an emergency fund ; the same re- 
ceiver was appointed. It is doubtful whether this corporation 
ever had sufficient strength to breathe after birth. The receiver 
reports that he is unable to discover any assets whatsoever. It 
is dead beyond resurrection. 

The American Mutual Life Insurance Company of Boston, 
Towson Caldwell, president, was incorporated June 5, 1888, 
but enjoined by the supreme court, December 14, for failure to 
deposit emergency fund. It does not appear that the life of 
this corporation ever extended beyond the formality of organ- 
ization. 



xxvi REPORT OF THE 

The United States Mutual Accident Relief Company of 
Boston, John S. Damrell, president, William F. Miller, secre- 
tary, was enjoined December 18, for failure to pay just claims, 
and because its liabilities exceeded its resources. Eugene H. 
Moore was appointed receiver, and subsequently John F. Colby 
was designated as master, to receive and examine claims. The 
assets of the company amount to $2,980.72 ; claims to a large 
amount have already been presented ; but as, under the decree 
of the court, parties are allowed until May 1 to furnish proofs, 
the total indebtedness cannot yet be stated, but the dividend 
will be a small one, in any event. 

The development in the affairs of each of these corporations 
was such as to fully justify the proceedings against them. 

The Massachusetts Standard Benefit Company. 

The affairs of this corporation, now before the supreme court, 
present a melancholy illustration of how grossly may be per- 
verted the provisions of law regulating assessment insurance ; 
how utterly inadequate are the safeguards against fraud, and 
how powerless under the statute is this department to prevent 
long-continued imposition upon the public. The Massachusetts 
Standard Benefit Company, in its brief history of four and one- 
half years, has had an entire change of management, and it is 
difficult to determine which was worse than the other. The 
following facts in relation to this company are drawn entirely 
from the sworn reports of the officers of the corporation, made 
to this department, or elicited by correspondence or official 
examination, and were recently mainly presented by the 
insurance commissioner to the Attorney-General, and by the 
latter made the basis of an application to the supreme judicial 
court for the appointment of a receiver to close the affairs of 
the company, the principal management of which, from the last 
reports to the department, consisted of Thomas R. Mathews, 
president, Thomas L. OBrion, vice-president, and J. C. Franck, 
secretary; the latter, it may in fairness be stated, being the 
active manager and controlling spirit of the concern. 

The company was incorporated in October, 1884 ; its earliest 
official act was a trick of deception, the first policy issued being 
Dumbered 1,001, the third on the same day 4,003, and when the 
eighty-eighth was reached the fictitious numbering had climbed 



INSURANCE COMMISSIONER. xxvii 

to 9,001. The department interfered, and this little device 

was abandoned. It next attempted to give its literature a 
Bpecial official character by appropriating the State seal as a 
device of adornment ; again the commissioner was compelled to 
interfere. Then a letter of criticism from Commissioner Tarbox 
was >o emasculated as to utterly pervert it- meaning, and 
published as a special endorsement of the concern ; a sharp 
letter from the commissioner interrupted this hit of knavery. 
The policies o[' the company, the contract between the 
corporation and its members, provide that members shall only 
pay the entrance fee, semi-annual dues and assessments to 
meet death and disability claims ; and printed upon the policy 
is the declaration that "all sums collected by assessments will 
he applied to the payment of claims, and can never be used for 
any other purpose." In one of tin 4 sworn statements to the 
insurance department is the provision that " assessments are 
levied to meet death and disability claims, and can be used for 
no other purpose"; and the circulars issued .showing the 
inducements for people to become members, alike under the 
former and the last known officers, contain the following 
explicit promise : — 

Members are assessed only for disability, for sickness, accident 
or death, thus distributing the indemnity paid among a large number, 
making the expense to individual members small, and furnishing 
indemnity to them at actual cost. 

The expense of conducting the company's business must never 
exceed the entrance and annual dues, and not one dollar of the 
money received from assessments can be used for any other pur- 
pose than paying indemnity and death claim-. 

In violation of the contract, and against every promise of the 
officers to the members, during the three years last past, with 
a single exception, from every assessment levied a portion has 
been abstracted and put into the pockets of the officers and 
agents. Of the five regular assessments called during the year 
1888, from each of four, twenty per cent., and from the fifth 
eighty per cent., was thus fraudulently taken. During the 
four and a half years of the life of the company there has been 
collected from its members 820,050.49; of this $429.67 was 
paid for bonds to constitute the emergency fund in the hands 



xxviii REPORT OF TITi: 

of the State treasurer; and, unless the sworn returns of the 
corporation arc unreliable, (2,560.78 only has, during the 
entire period, been paid to members in death and disability 
losses, leaving $17,060.04 which has gone into the pockets of 
the officers and agents, — that is, to secure an emergency fund 
of $429.67 and $2,560.78 in benefits, the unfortunate members 
were bled to the tune of over $20,000. 

Another gross fraud existed in the policies of the corporation ; 
it published a slip containing a long list of diseases against 
death from which the company's policies insured, but which, 
when carefully examined, was found to contain only the unknown 
and unknowable diseases of which not one person in a hundred 
died ; while in the policy, which no insured person saw until 
after his money had been paid, carefully concealed in fine type, 
was the provision exempting the company if the insured died of 
quite a catalogue of the most common diseases, including, " rheu- 
matism, sciatica, apoplexy, paralysis, pneumonia, diphtheria, 
typhoid fever or an} r infectious or contagious disease." Equally 
well covered up was another provision, that, in case of death 
within one year, only one-half of the amount named, and upon 
which the insured was assessed, would be paid; and, if death 
occurred during the second year of the existence of the policy, 
only three-fourths. 

Of nine death claims shown from the records to have 
occurred, — and no one can guess how many additional there 
were, — the policies ranging in amount from $500 to §1500, 
except in a single instance last year, where the company was 
by the department coaxed with a club into payment of a claim 
the)- attempted to repudiate, the largest sum ever paid by the 
corporation upon any one of these policies was $189.79. The 
statute intends that an assessment conlpany shall write policies 
for no larger sum than they are able to pay. During the past 
year the Standard Benefit realized from a single assessment but 
$293, and yet they issued 140 policies for $500 each, and 59 
for $1,000 each. The membership has barely averaged two 
hundred for the past two years 

In October last it attempted the most barefaced piece of 
death-bed robbery that has ever come to the notice of this 
department, inducing a poor woman, three days before her 
death, upon the payment to her of $20 then due for four weeks' 



I \sr RANCE COMMISSIONER. xxix 

sickness, to sign a paper, which she was nol able to road, and 
which was not read to her, but which after her death proved to be 
a release of her husband's right to $500 under the policy. As 
the woman possessed no legal right to relinquish the claim of 
her husband, the paper was worthless, even had she known its 
purport ; but the effort on the part of the corporation was none 
the less brutal and rascally. 

While the proceedings against this company were pending in 
the supreme court, the officers had the cool impudence — to pre- 
vent which, under the law, this department was powerless— to 
send out assessment notices, and collect some two hundred dol- 
lars, eighty per cent., again Illegally, for expenses; and, when 
that source of revenue had been exhausted, the secretary made 
an unsuccessful demand upon the State treasurer for the few 
paltry dollars of accumulated interest upon the emergency fund. 

The history of this concern, which apparently never drew an 
honest breath from its birth, shows how much of fraud may be 
perpetrated upon people generally illy able to bear the loss, 
and how difficult it is, under existing provisions of law, for the 
insurance department to protect the public from such imposition. 

Co-operative Insurance. 

Taking its rise substantially within the last dozen years, 
co-operative life insurance is yet too young to be judged as a 
permanent factor in our social economy, but its evolution is a 
curious and interesting study. No one is now rash enough to 
dispute that it has furnished an immense amount of temporary 
protection at low cost, and has occupied a field inaccessible to 
the methods of the regular life companies, nor that its useful- 
ness may and will continue, if kept within its fair and proper 
province and to its legitimate functions. 

Starting without a model or experience to guide, it has been 
infested with ignorance and imposture. Whatever legislation 
has been had in the various States for its regulation has been 
mainly tentative, temporizing and spasmodic, at one time 
harshly restrictive, and again ridiculously loose and promotive 
of speculative schemes. The inconsistencies of legislation tend 
to keep the management of these associations apprehensive and 
uneasy, and the membership in uncertainty. In the absence of 
any just definition by law of the legitimate scope of assessment- 



xxx REPORT OF THE 

ism, the imagination of its promoters has had free range, and 
the system has grown and expanded, until in its multiple forms 
it essays almost every kind of human helpfulness that can pos- 
sibly be the subject of personal insurance. 

The whole scheme of assessment insurance is a protest against 
the plans and practices of the regular companies, intensified 
by the scandalous failures and robberies in the few previous 
years. The great mass of the plain people appreciated the need 
of life insurance and wanted it, — whole life insurance in small 
amounts or with frequent small payments, or term insurance at 
low rates which the company could afford to furnish and they 
afford to pay. This was denied them, because the agents, who 
are interested in large premiums, w r ould not work these plans, 
and persisted in other forms more fruitful of commissions, but 
unsuited to the wants of the many ; besides this, there was a 
certain general distrust of all the companies, so many of which 
had recently failed, and a reluctance to trust to any company 
greater sums than needed to provide for current cost of insur- 
ance. 

As a relief, the scheme of assessmentism w T as devised, — most 
plausible in theory, and, in the hands of honorable and intelli- 
gent men, capable of immense comfort and benefit. The plan 
of getting together a goodly membership, charging only for 
admission and annual fees a sum sufficient for reasonable ex- 
penses, and assessing a fixed sum at the death of a member to 
provide for the family benefit, and thus furnish a money relief 
at lowest cost and at time of greatest need, appealed to the 
populace as a just, beneficent and worthy enterprise. 

In its earliest practice the plan attached itself to bodies hav- 
ing a fraternal tie, not depending wholly upon the insurance 
feature for its cohesion. Afterwards associations began to be 
formed for the sole purpose of insurance, and the stock or 
proprietory companies then first appeared, and began to be 
worked as a business enterprise for gainful results to its opera- 
tors. They multiplied in numbers, and the field was soon over- 
crowded to such an extent that, if their plans had all been 
practical and reasonable, there was not sufficient material for 
membership in the community to support them; many perished 
through lack of nourishment, and many were done to death 
through the rascality and greed of their managers. But the 



INSURANCE COMMISSIONER. xxxi 

success of a few in getting together a large membership, and 
thereby affording generous compensation to the promoters, was 
still a strong temptation for new organizations; and, as induce- 
ment to a following, " new and attractive features" were con- 
tinually presented, and generally, the more gaudy and attractive 
the feature, the sooner the bubble tilled and burst. 

Thus tar the operations had been confined mainly to life 
and accident insurance, and the system of assessmentism had 
reached a position where it could begin to work out its plans 
and test the claims of its promoters, that life insurance could be 
safely and surely carried on without level premiums, step-rates 
or reserves. 

But soon there began to develop misgivings among the more 
cautious, that in some years the rate of mortality might be 
greater than in others, necessitating the calls to be made at 
irregular intervals, in a jerky fashion which might be annoying 
and discouraging to tin 1 members ; also, that there might be a 
rise in the rate, consequent upon the advancing age of the 
company which the magical "new blood " might not be able 
to suppress. To meet this probability, an emergency fund 
seemed called for, to equalize and level up the intervals, mak- 
ing it possible to establish fixed periods for the calls, instead 
of the prevailing desultory and inconvenient practice. This 
fund might be provided by an extra assessment, or by laying 
aside a portion of each regular assessment, or from profits 
arising from a scaled series of payments on claims maturing 
upon recent entrants. 

In many of these associations this fund has reached large 
proportions. But the very fact of its adoption and accumula- 
tion completely vindicates the principles of the level premium 
in the regular companies, whose reserve,' condemned and 
despised at the outset of assessmentism, has now become the 
headstone of its corner. The adoption of fixed times for 
premium or assessment payment, and the provision for accumu- 
lating a strong emergency or reserve fund, shows a conservative 
tendency ; and there is at present an almost universal agree- 
ment among the assessment companies that the nearer this 
emergency fund relatively approaches the reserve on regular 
life policies, the longer and stronger the lease of life to these 
organizations. 



xxxii REPORT OF THE 

The foregoing relates only to the assessment insurance com- 
panies, as distinguished from the fraternal benefit societies and 
orders whose business is conducted upon lodge or council 
system, and without the usual agency machinery. 

The fraternal beneficiary societies had their origin in present 
form substantially at the same time and from the same causes 
as the assessment companies ; there had been previously, to 
be sure, some forms of mutual aid among the Odd Fellows 
and Masonic fraternities, and sporadic cases among certain 
guilds and trades unions, but nothing of considerable inter- 
est, certainly nothing amounting to the extended system since 
prevalent. 

The plans of the assessment companies and of the fraternals 
were originally the same ; but the former for the most part 
soon diverged into business enterprises, in a degree, for the 
profit of their managers, while the latter held longer and more 
closely to the strict purposes of mutual aid. They have been 
regarded by the law-makers rather in the light of little re- 
publics, making their own regulations by common consent, 
and therefore less likely to need legal restraint to protect the 
membership from imposition than in the business companies 
having a divided interest between the stock and the benefit 
membership. The laws have, therefore, attempted little more 
than to require incorporation, and the making of annual state- 
ments of their transactions to the insurance department. 

The original intent of the fraternals was a kindly sympathy 
and aid in time of distress, and nothing could have been 
thought more improbable than that they would attach to them- 
selves wild-cat schemes of banking, speculation, lotteries and 
gambling. The older fraternal associations have generally 
kept well to the original intent ; but with the recent formations 
it is the rule to find them based upon glittering but specious 
projects, and to such an extent has this craze gone that now no 
miracle of absurdity is too great, and no scheme too extrava- 
gant or impracticable, to win eager and abundant acceptance. 
And it is doubtful if the Mississippi scheme or the South Sea 
bubble times ever witnessed more extraordinary and audacious 
insults to the intelligence of the community than many of these 
rank and impossible propositions. 

An interesting coincidence is notable, that, since the rise 



INSURANCE COMMISSIONER. xxxiii 

of ussessmentism, no new regular life insurance companies 

have started ; and since the fraternal a have taken to their new 

fads, almost no assessment companies have been formed in this 

State. 

Assessment Endowment Corporations. 

In the report for last year was presented the argument of 
the commissioner against the legalization of the order known 
as the Iron Hall, which question was then pending before the 
Legislature. Later, by statutory enactment, this organization 
and its twin, Tonti, were permitted to continue the business of 
promising the payment of seven year endowments upon the 
assessment plan ; and, although the door was closed against 
the entrance of additional kindred associations of other States, 
it was swung wide open for their organization and incorpora- 
tion in Massachusetts. The commissioner is quite content to 
await the verdict of coming years upon the correctness of his 
opinion that this class of associations have not acquired power 
to annul the inexorable rules of mathematics, or create a new 
multiplication table. But there is no limit to the mischief 
likely to result from the apparent endorsement by Massachu- 
setts of these visionary schemes. Already the air is burdened 
with noisy projects promising the impossible, while from 
other States, asking for changes in the law to permit entrance 
to deceive and defraud the people of Massachusetts, come in 
battalions the most insane sort of wild-cat associations, fairly 
tumbling over each other in the effort to outbid one another in 
the extravagance and grotesqueness of their promises. 

The attempt at life insurance by assessment methods was a 
very daring innovation upon a most important and delicate 
field. It at first advanced no promise beyond what it might be 
able to realize from voluntary contributions to a call when a 
claim matured. Then it stepped a little forward, and promised 
a definite sum, but timidly and with such misgiving as to the 
outcome that it was deemed essential to strengthen its ability 
by an emergency fund. 

The experiment is yet young, but already the shore is strewn 
with wrecks ; and, while the experience acquired thus far does 
not decide against the possibility of permanence in assessment 
life insurance, it cannot be claimed that the verdict is wholly in 
its favor, but, that if hope is to " end in fruition," it must be 



xxxiv REPORT OF THE 

through conservatism and tendency toward old-line methods. 
Now, if this is true in regard to life insurance, it certainly is also 
to endowment, in which such vastly larger funds are implied. 
But visionaries imagine that, if life insurance may be done 
on the assessment plan, so may endowment, which is often 
associated with life insurance in the regular companies. 

Just here it is well to revert to the standard of safety and 
solvency which the State has established for regulating that 
business: the law says that for a $1,000 ten-} r ear endowment- 
assurance policy, issued at the age of thirty, the company shall 
charge and the assured pay $84.54 each year until maturity ; 
that, after deducting the current cost of insurance each year, 
the whole balance must be carefully invested and compounded 
at the standard rate of interest. If the period is seven years, 
the corresponding net premium shall be $125.74; if five years, 
$181.12. This the law says is the minimum amount for which 
this business can be safely done, and the experience of the reg- 
ular companies corroborates and approves the standard. But, 
closing their eyes to all experience and the solemn declaration 
of the statutes, these visionaries have the effrontery to 
declare that for $18, $30 and $36, these respective results may 
be reached. True, they afterwards in remote and obscure 
ways admit a possible greater need ; but, in presenting their 
schemes, the first-named is alone urged, and virtually is the 
promise. 

There is only one other known business showing as fruitful 
results from small investment, and that is usually done with a 
jimmy. 

For the protection of the people of this Commonwealth, and 
to guard as a sacred trust the interests of the widow and the 
orphan, the law has placed its most careful restrictions upon 
the business of life insurance; every old-line company must be 
possessed of sufficient assets to meet, in accordance with the 
experience and mortality tables, every obligation which it 
assumes ; no matter what its number of millions of dollars, it 
must ever keep its resources fully up to its liabilities. But a 
corporation organized upon the assessment plan, not to transact 
a legitimate death or disability business, not merely to promise 
short-term insurance at cost, not to associate together, as in 
the fraternal societies, those who are willing to contribute their 



INSURANCE COMMISSIONER. xxxv 

individual mitea for the accumulation of a considerable sum 
for the benefit of the family of a deceased member, but to 

promise matured endowments to the member himself at the 
expiration of a term of years, a purely personal and specu- 
lative purpose, — such corporation is, under the present law, 
permitted to organize on any basis that suits the sweet will or 
fancy of its projectors, issue its certificates, and assume enor- 
mous financial liabilities, with no test of solvency, without 
reserve or cash assets, if it so chooses, and to send forth its 
promises and issue broadcast it^ certificates, sowing to the wind 
for future reaping of the whirlwind, and all under cover of a 
statute of the Commonwealth of Massachusetts. When dis- 
aster comes, it at least shall not be said that against this mad- 
ness there had not been entered the earnest plea and protest of 
the insurance department. 

Respectfully submitted, 

GEORGE S. MERRILL. 

Insurance Commissioner. 



APPENDIX. 



The Massachusetts Standard Benefit Company enjoined. 



Since the foregoing pages were in print, a hearing has been 
had, in the matter of the Standard Benefit Company, before 
Justice Charles Allen of the Supreme Judicial Court, who, 
on May 27, issued a decree enjoining the company and appoint- 
ing Goo. L. Huntress receiver. 

It will be seen that the allegations of the Insurance Com- 
missioner are fully sustained in every particular. 

The following is the decree : — 

Supbkme Judicial Court. C Allen, Justice. 

1. The company has not maintained intact the emergency fund 
provided for in section eight of the statute. Agents of the company 
appear to have held back a part of this, and this course appears to 
have been allowed or tolerated by the company. 

2. In two different years the company made a special assessment 
for expenses. The policies issued by the company enumerate that 
assessments may be made, and do not include any special assessment 
for expenses. Such assessments were a violation of good faith 
towards the policy holders. 

3. The company has not preserved intact its fund for losses, but 
has allowed part of the same to be used for expenses. There was a 
statement on the back of the policies that all sums collected by such 
assessments would be applied to payments of claims, and could never 
be used for any other purpose. The provisions upon the face of the 
policies imply that funds from death and benefit assessments are to 
be kept separate from those coming from other assessments. The 
expenses of collecting such assessments could not properly be de- 
ducted from the death and benefit funds, and doing this was a vio- 
lation of good faith towards the policy holders. 

4. The experience of four and one-quarter years has been that 
less than thirteen per cent, of the moneys received has gone for 
losses, while over eighty-three per cent, has gone for expenses. This 



result, taken in connection with the facts disclosed as to the course 
of its business, leaves the impression in my mind that the company 
has been carried on rather for the benefit of those who have re- 
ceived salaries or compensation from the company than with a 
view to the honest discharge of its obligations. 

5. The company has habitually issued policies for larger amounts 
than it could expect to meet from lawful assessments. In the theory 
of the law as applicable to these companies, it seems to be plainly 
contemplated that one assessment must be sufficient to meet any 
single loss. If a company is large, one assessment would ordinarily 
be more than enough for this purpose. This view of no more than a 
single assessment for a single loss was recognized as correct, as I 
understood, by Mr. Franck, though Mr. Campbell took a different 
view. By issuing policies for too large sums the company has held 
out delusive promises to its policy holders, — promises which in the 
nature of things could not probably be fulfilled. Under such a 
course a company may run on for a while, but as soon as deaths 
come in with any frequency it will be embarrassed. 

6. A court might not ordinarily decree a dissolution of a company 
for a single act of fraud on the part of an agent, or even of an officer, 
in dealing with a claim upon a policy, but the case of Mrs. Gray 
derives more significance from the course of the company in other 
respects. It cannot well be determined on the evidence before me 
whether the company was entitled to avoid her policy or not. 
Assume that it was, nevertheless the course of the witness Campbell 
in obtaining her signature to the paper of cancellation appears to me 
to have been fraudulent, and I think this fraud was sanctioned by 
the company. It is obvious that she did not know what she was 
about, and I think the company did not mean to deal fairly with her 
in that transaction. 

7. The present financial condition of the company is not sound, 
and the management of its affairs has been such as is inconsistent 
with the safety of those who take its policies. The protection of the 
public makes it proper to issue an injunction restraining the corpo- 
ration from the further prosecution of its business, and to appoint a 
receiver to wind up the company. 



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MASSACHUSETTS 

LIFE INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract of 

Annual Statements for the Year ending 

December 31, 1888. 



DETAILED STATEMENT OF ASSETS AND LIABILITIES, 



BERKSHIRE LIFE INSURANCE COMPANY, PITTSFIELD. 

[Incorporated May, 1851. Commenced business Sept. 4, 1851.] 
Paid-up Capital, $25,500. 

William R. Plunkett, President. James W. Hull, Secretary. 



Income. 

New premiums without deductions, . 

Renewal premiums, 

Premiums paid by surrendered policies, . 



Total, . . • 

Deduct amount paid for re-insurance, 

Total premium income, .... 
Cash received for interest, .... 
Cash received for rents of company's property, 



Total income, .... 
Net or ledger assets, Dec. 31, 1887, . 



Total, 



$230,477 62 

594,234 25 

6,771 37 

$831,483 24 
19,926 65 

$811,556 59 

168,070 52 

14,922 74 

$994,549 85 
3,760,518 32 

?4,755,068 17 



Disbursements. 

Cash paid for losses and additions, 

Premium notes or loans used in payment of same, . 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, . 

Gross amount paid for losses and endowments, 
Received for losses and claims on policies re-insured, . 

Net amount paid for losses and endowments, . 

Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered 

jDolicies, and voided by lapse, 

Cash surrender values, including reconverted additions ap 

plied in payment of premiums, 

Cash dividends paid policy holders applied in payment of 

premiums 



Total paid policy holders, . . . = . . . . $593,942 83 



$204,775 76 

2,693 24 

117,191 82 

7,349 18 

$332,010 00 
1,000 00 

$331,010 00 
144,560 48 

9,097 08 

6,771 37 

102,503 90 



MASSACHUSETTS LIFE 



[Dec. 31, 



Gftsh paid for dividends to stockholders,, 
for commissions to agents, 
for salaries and travelling expenses of 
for medical examiner's fees, . 
for salaries of officers and office emplov 
for taxes and fees, .... 

for rent, ...... 

for advertising, .... 

for incidentals, .... 



agents, 
ees, . 



Total disbursements, 



Balance, 



$1,785 00 
92,951 12 
20,225 00 
10,706 00 
25,170 78 
14,567 26 
5,050 37 
5,108 35 
16,388 43 

$785,895 14 

$3,969,173 03 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
Loans on collateral security (schedule A), 
Premium notes or loans on policies in force, . 
Cost value of stocks t and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, . . . 

Agents 1 ledger balances, 

Personal loans, 



Ledger assets (as per balance) , 
Deduct depreciation from cost of assets, . 

Total net or ledger assets, 



$445,200 11 

2,289,871 49 

211,625 00 

142,719 78 

692,945 25 

862 33 

170,270 60 

14,847 50 

830 97 

$3,969,173 03 
2,146 61 

$3,967,026 42 



Other Assets. 
Interest due and accrued, 43,068 12 

Rents due and accrued, 645 83 

Market value of stocks and bonds, over cost, .... 50,434 75 

Uncollected premiums on policies in force, . $27,079 44 

Deferred premiums on policies in force, . . 68,978 29 

Total, $96,057 73 

Deduct loading (20 per cent.), . . . . 19,211 55 

Net am't of uncollected and deferred prem's, . 76,846 18 

Total assets per company's books, $4,138,021 30 



Items not Admitted. 



Agents 1 balances, 
Loans on personal security, 
Total, .... 



$14,847 50 
830 97 



Total admitted assets, 



15,678 47 
. $4,122,342 83 



1888.] 



INSURANCE COMPANIES. 



Liabilities. 
( oniputed premium reserve or ne1 present value of all out- 
standing policies (actuaries' \ percent), 
Deduct net value of re-in-ured risks, 



Net re-insurance reserve, . 
Matured endowments due and unpaid, . 
Death losses and matured endowments in 

process of adjustment 

Total policy claims 

Unpaid dividend- of surplus due policy holders, 

Premiums paid in advance, 
Miscellaneous 

Liabilities as to policy holders, , 
Surplus as regards policy holders, . 

Paid-up capital, 

Surplus over capital, .... 



1,6 11,512 00 
35,642 00 

. $3,575,870 00 



$4,705 00 



29,864 00 



|494,433,24 



34,569 00 
3,156 81 

12,360 74 
1,958 04 

$3,627,909 59 

25,500 00 
468,933 24 



Gross liabilities, $4,122,342 83 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1887, . . $139,751 (l! » 

Premium notes received during 1888, . . 35,172 72 

Total ... $174,923 78 

Used in payment of losses and claims, . . $10,042 12 
i in payment of surrendered policies and 

voided by lapse 9,097 08 

Redeemed by maker in cash, .... 13,064 50 

Total, . * 32,204 00 



Balance note assets, Dec. 31, 1888, . 



. §142,719 78 



Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1S87. 



Whole life, . 
Endowment, 
All other, . 
Reversionary additions, 



Number. 



Amount. 



Total No. 



5,189 $12,425,568 00 

2,927 6,484,102 00 

328 587,550 00 

160,103 00 



Total amount. 



8,444 §19,657,323 00 



Whole life, . 
Endowment, 



Policies issued during the Year. 
. 1,835 $4,273,800 00 
£98 840,330 00 



2,133 5,114,130 00 



MASSACHUSETTS LIFE 



[Dec. 31, 



Whole life, . 
Endowment, 
All other, . 


Old Policii 

Number. 

55 
23 
23 


is revived. 

Amount. 

$43,616 00 
30,368 00 
38,000 00 


Total No. 
101 


Total amount. 

$111,984 00 
195,639 00 


Additions by dividends, 


. 




10,678 


^25,079,076 00 



Whole life, . 
Endowment, 

All other, . 



Policies terminated during the Year. 



973 
355 

75 



1,072,417 00 
773,528 00 
331,843 00 



1,403 $3,177,788 00 



Hoiv terminated. 



By death, .... 


91 


§204,889 00 






By maturity, 


61 


129,246 00 






By expiry 


56 


115,100 00 






By surrender, 


168 


586,621 00 






By lapse, . . . . 


517 


1,070,932 00 






By change and decrease, . 


8 


24,500 00 






Not taken, 


502 


1,046,500 00 


1,403 


3,177,788 00 



Whole life, . 
Endowment, 
All other, . 
Reversionary additions, 



Policies in force Dec. 31, 188 '8. 

. 6,106 $14,670,567 00 

. 2,893 6,581,272 00 

276 469,950 00 

179,499 00 



9,275 $21,901,288 00 



Schedule A. 



667 shares N. Y., New Ilav. & Hartford R. R 



75 
27 
16 
70 
100 
6 
6 1 
15 



Securities held as Collateral. 

Market value. Amount loaned. 

$160,080 00 $140,000 00 
11,250 00 \ 

5,400 00 i 16,000 00 
1,840 00 ) 

11,200 00 10,500 00 

20,000 00 10,000 00 

9,000 00 4,500 00 

9,600 00 7,000 00 

2,250 00 1,525 00 



Third National Bank, Pittsfield, 
Boston and Albany Railroad, . 
Stockbridge and Pittsfield Railroad 
Boston S. 1). and T. Company, 
Smith Paper Company, . 
Pontoosuc Woolrn Manufact'g Co 
Pittsfield ( !oal Gas Company,. 

Pittsfield National Bank, 



1888.] 



INSURANCE COMPANIES. 



10| share- Boston :m<l Albany Railroad, . 



Market value. Amount loaned. 



2Q 

7 

17 
5 

■ti 

5 



Third National Bank, Pittsfield, . 
Agricultural Nafl Bank, Pittsfield, 
Agricultural Xafl Bank, Pittsfield, 

Third National Bank, Pitt-field, 
Pittsfield National Hank, Pittsfield, 
Boston and Albany Railroad, . 



$20,800 00 

3,000 00 
1,680 00 
4,080 00 
750 00 
6,600 00 
1,000 00 



$10,700 00 
2,000 00* 
1,000 00 

2,700 00 

5,000 00 
700 00 



$268,530 00 $211,625 00 



Schedule B. 



Stock* and Bonds owned 

380 shares Pittsfield National Bank, 

250 " Adams National Bank, . 

300 " Agricultural National Bank, 

United States bonds, 

Berkshire County bonds, . 

Pittsfield Fire District bonds, 

Pittsfield town bonds, 

Cheshire town bond-. 

West Springfield town bonds, 

North Adams water bonds, 

Boston and Albany Railroad bonds, 



by the Company. 

Cost. 

$51,550 00 

31,250 00 

60,000 00 

288,095 25 

97,350 00 

58,000 00 

20,000 00 

4,700 00 

7,000 00 

18,000 00 

57,000 00 



Market value. 

$57,000 00 
36,250 00 
70,500 00 

316,250 00 
98,500 00 
58,000 00 
20,000 00 
4,700 00 
7,000 00 
18,180 00 
57,000 00 



$692,945 25 $743,380 00 



JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY, 

BOSTON. 

[Incorporated April 21, 1862. Commenced business Dec. 27, 1862.] 

Stephen H. Rhodes, President. George B. Woodward, Secretary. 

Income. 

Total premium income, . $1,317,374 08 

Cash received for interest, . 155,357 43 

as discount on claims paid in advance, . . 644 72 

for rents of company's property, . . . 6,786 72 



Total income, . $1,480,162 95 

Net or ledger assets, Dec. 31, 1887, 2,925,313 76 



Total, |4,405,476 71 



8 



MASSACHUSETTS LIFE 



[Dec. 31, 



Disbursements. 

Cash paid for losses and additions, .... 
Premium notes or loans used in payment of same, 
( ash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, 

Cash paid to annuitants, 

Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, 

Cash surrender values, including reconverted additions ap 

plied in payment of premiums, 

Cash dividends paid policy holders, $4,498 ; applied in pay 

ment of premiums, f 46,443.84, 

Premium notes or loans used in payment of dividends, 

Total paid policy holders, 
Cash paid for commissions to agents, 

for salaries and travelling expenses of 
for medical examiner's fees, . 
for salaries of officers and office employ 
for taxes and fees, .... 

for rent, ....... 

for furniture and office fixtures, 
for advertising, .... 

for incidentals, .... 

Total disbursements, .... 

Balance, 



agents, 
ees, . 



$471,407 08 

2,435 43 

85,323 50 

1,326 40 

$560,492 41 

344 63 

29,258 84 

1,024 79 

2,847 79 

50,941 84 
5,946 58 

$650,856 88 

331,290 70 

119,827 16 

28,185 74 

45,592 08 

14,725 84 

14,691 69 

1,343 67 

6,732 67 

30,297 09 

$1,243,543 52 

$3,161,933 19 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens) , 
on collateral security (schedule A), 
on company's policies assigned as collateral, 

Premium notes or loans on policies in force, . 

Cost value of stocks and bonds owned (schedule B), 

( !ash in company's office, 

( !ash deposited in bank, 

Agents' ledger balances, 

Ledger assets (as per balance), 



§264,756 22 

1,505,340 00 

18,722 00 

72,507 00 

102,444 17 

1,060,712 17 

3,581 60 

132,593 90 

1,276 13 

$3,161,933 19 



Other Assets. 



[nterest due and accrued, . 
Kent- due and accrued, 



48,765 77 
4,289 28 



38.] 



I \ -FRANCE COMPANIES. 



Market value of real estate, oyer cost, . 
Market value oi stocks and bonds, over i 
Uncollected preminms on policies in force, 
1>. ferred preminms on policies in fori 

Total 

Deduct loading, 

ami of uncollected and deferred prem's, 

ta per company's 



$33,219 02 

43,925 88 

.144 90 
18,315 55 



.000 00 
19,682 84 



58,829 35 



. $3,318,500 43 



Items NOT Admitted. 



ts 1 balances, 



Total admitted 



1,276 13 



. $3,317,224 30 



LlABILTTD 

Computed premium reserve or net present value of all out- 



oding policies (actuaries 1 4 percent.), 
tnct net value of re-insured risks, 

Net re-insurance reserve, . 
Matured endowments due and unpaid, 
Death ml matured endowments in 
process of adjustment 

Total policy claims 

Unpaid dividend- of surplus due policy holder 

Premiums paid in advance, 

Surrender values, 

Liabilities as to policy holders, 
Surplus as regards policy holders, 

Gross liabilities, .... 



. $2,993,098 00 
5,907 00 



. $2,987,191 00 



2 00 



U 00 



26,376 00 

16,129 26 

1,048 74 

13,668 88 

£3,044,413 88 
272,810 42 

£3,317,224 30 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1887, . 
Premium notes received during 1888, 

Total, 

Used in payment of losses and claims, . 
Used in payment of surrendered policies and 

voided by lapse, 

Used in payment of dividends to policy 

holders 

Redeemed by maker in cash, .... 
Total, 

Balance note assets, Dec. 31, 1888, . 



8105,982 45 




7.924 31 






$113,906 76 




. 63,761 83 




1,024 79 




5,946 58 




729 39 






11,462 59 




» ■ • 


8102,444 17 



10 



MASSACHUSETTS LITE 



[Dec. 31, 



Whole life, . 
Endowment, 
All other, . 



Whole life, . 
Endowment, 
All other, . 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 18S7. 

Number. Amount. Total No. 



5,435 



. 3,328 

. 1,765 

342 


$5,728,115 00 

2,777,387 00 

628,200 00 


Policies issued during the Year. 

253 $575,643 00 

360 716,200 00 

17 30,300 00 



Total amount. 



1,133,702 00 



630 1,322,143 00 



Whole life, . 
Endowment, 



Old Policies revived. 

5 $20,500 00 

1 6,365 00 



26,865 00 



Total, 6,071 $10,482,710 00 



Policies terminated during the Year. 

Whole life 270 $516,213 00 

Endowment, ... . 280 457,453 00 

Allother, .... 84 141,000 00 





634 


$1,114,666 00 






How terminated. 




By death, . 


73 


$129,301 00 




By maturity, 


67 


85,151 00 




By expiry, . 


76 


127,000 00 




By surrender, 


161 


218,044 00 




By lapse, 


150 


205,917 00 




By change and decrease, 


5 


103,703 00 




Not taken, . 


102 


245,550 00 








634 


1,114,666 00 



Whole life, . 
Endowment, 
All other, . 



Policies in force Dec. 31, 1888. 

. 3,316 $5,808,045 00 

. 1,846 3,042,499 00 

275 517,500 00 



5,437 $9,368,044 00 



Industrial policies in force, 



. 256,574 $29,943,052 00 



L888.] 



INSURANCE COMPANIES. 



11 



Schedule A. 
Securities held as Collateral. 

Market value. 

Ottawa, Oswego and F. R. Valley II. R. bonds, $1,250 00 

ltU shares American Whip Company, . . 16,400 00 

25 '• X. V. Central and II. II. Railroad, . 2,725 00 

100 " Middlesex Banking Company, . 10,500 00 

Assignment of mortgage, 422 00 

Chicago, Burlington and Northern R. R. bond, 190 00 

Middlesex Banking Company bond, . . 1,000 00 



Amount loaned. 

$800 00 

7,500 00 

2,000 00 

7,000 00 

422 00 

1,000 00 



$32,787 00 $18,722 00 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost. Market value. 

Massachusetts State bonds, .... $113,75000 $113,00000 

Territory of Dakota bonds 5,387 50 5,400 00 

Washington County (111.) bonds, . . . 10,306 25 10,350 00 

Columbia County (Wash. Ter.) bonds, . . 11,800 00 11,750 00 

Marion County (Ind.) bonds, .... 15,20625 15,18750 

County of Franklin (Ind.) bonds, . . . 39,750 00 30,714 00 

Finney County (Ivan.) bonds, . . . . 5,362 50 5,350 00 

Lincoln County (Neb.) bonds, .... 4,195 00 4,200 00 

Central Drainage District (111.) bonds, . . 7,192 50 7,185 00 

Cherokee County Scrip (Kan.), . . . 5,259 26 5,259 26 

City of Evansville (Ind.) bonds, . . . 5,000 00 5,000 00 

of Arkansas City (Kan.) bonds, . . 6,225 00 6,210 00 

of Beloit (Wis.) bonds, .... 6,33750 6,30000 

of Nebraska City (Xeb.) bonds, . . 4,862 50 5,000 00 

of Chattanooga (Tenn.) bonds, . . 10,900 00 10,900 00 

of Springfield (O.) bonds, . . . 7,150 00 7,000 00 

of Elkhart (Ind.) bonds, .... 5,633 37 5,587 50 

of Decatur (111.) bonds, .... 18,540 00 18,787 50 

of Streator (111.) bonds, .... 2,021 40 2,000 00 

of Yankton (Dak. Ter.) bonds, . . 8,496 25 8,925 00 

of Fremont (Xeb.) bonds, . . . 5,125 00 5,125 00 

of Emporia (Kan.) bonds, . . . 14,700 00 14,770 00 

of Jeffersonville (Ind.) bonds, . . . 10,450 00 10,525 00 

of Sioux Falls (Dak. Ter.) bonds, . . 14,525 00 14,560 00 

of New Albany (Ind.) bonds, . . . 10,920 00 10,835 00 

of Martinsville (Ind.) bonds, . . . 4,020 00 4,012 50 

of St. Cloud (Minn.) bonds, . . . 10,650 00 10,650 00 

of St. Paul bonds, 10,375 00 10,350 00 

of Fargo bonds, . . . . . 5,487 50 5,487 50 

Wyandotte Co. (Kan. Sch. Dist.) bonds, . . 5,250 00 5,250 00 

Kansas City (Kan.) bonds, .... 18,235 00 18,360 00 

Town of Spencer (Ind.) bonds, , . . 5,115 00 5,100 00 

Village of Groveport (Ohio) bonds, . . 7,296 00 7,272 00 



12 



MASSACHUSETTS LIFE 



[Dec. 31, 



Village of Braceville (111.) bonds, . 
Ogdensburg and Lake Champlain R.R. bonds 
Atchison, Topeka and Santa F6 R. R bonds, 
Chicago, Kansas and Western R. R. bonds, 
Marietta Mineral Railroad bonds, . 
St. Louis. Cable and Western Railroad bonds 
Kan. City, Fort Scott and Mem. 11. R. bonds, 
Marquette, Houghton and Ont R. R. bonds, 
Illinois Grand Trunk Railroad bonds, 
Cedar Rapids and Missouri River R. R. bonds 
Nashua and Rochester Railroad bonds, . 
Lowell and Andover Railroad bonds, 
Old Colony Railroad bonds, 
Burlington and Missouri River R. R. bonds, 
New York and New England Railroad bonds 
New Mexico and Southern Pacific R. R. bonds 
Kansas City, Law. and Southern 11. R. bonds 
Southern Kansas and Western Railroad bonds 
Cheshire Railroad bonds, .... 
Wichita and South Western Railroad bonds, 
Saginaw Valley and St. Louis Railroad bonds 
Chicago, Milwaukee and St. Paul II. 11. bonds 
Lowell and Lawrence Railroad bonds, 
Pueblo and Arkansas Valley Railroad bonds, 
Oregon Railway and Navigation Co bonds, 
Saginaw and Western Railroad bonds, . 
Consolidated Railroad of Vermont bonds, 
Fort Wayne, Cin. and Louisville R. 11. bonds 
Quincy, Alton and St. Louis Railroad bonds, 
Atchison, Topeka and Santa Fe R. R. bonds, 
Leavenworth, Topeka and So. W'n R R. bonds 
Kan. City, Emporia and Southern 11. R. bonds 
Cowley, Sumner and Fort Smith R. R. bonds 
Florence, Eldorado and Walnut Val. 11. 11. bonds 
Kalamazoo and South Haven Railroad bonds 
Cleveland, Columbus, Cin. and Ind. 11. 11. bonds 
( hieago, Burlington and Northern R. R. bonds 
Wisconsin Central Railroad bonds, . 
Cin., Sandusky and Cleveland Railroad bonds 
Chicago and Eastern (111.) Railroad bonds, 
Atchison, Colorado and Pacific R. R. bonds, 
Shawn and Indiana State Line II. R. bonds, 
Memphis and Charleston Railroad bonds, 
Little Rock and Fort Smith Railroad bonds, 
Carolina Central Railroad bonds, 
James River Valley Railroad bonds, 
St. .Joseph and Grand Island Railroad bonds, 
Spokane and Ralouse Railroad bonds, 
( hieago., Burlington and Northern R. R. bonds 



Cost. 

$4,065 00 

4,987 50 

450 00 

572 75 

9,500 00 

20,292 50 

10,340 00 

9,700 00 

19,400 00 

13,500 00 

23,125 00 

18,300 00 

1,020 00 

11,887 50 

20,862 50 

11,746 25 

10,355 00 

11,187 50 

5,500 00 

9,132 50 

19,680 00 

10,612 50 

1,115 00 

11,512 50 

10,761 90 

10,000 00 

4,180 00 

5,250 00 

9,587 50 

10,362 50 

6,022 50 

3,510 00 

2,340 00 

5,437 50 

5,543 75 

9,750 00 

1,500 00 

8,787 50 

10,500 00 

22,300 00 

10,275 00 

12,600 00 

12,050 00 

11,800 00 

10,975 00 

10,400 00 

10,887 50 

10,400 00 

10,200 00 



Market value. 

$4,035 00 

5,100 00 

430 00 

536 87 

9,800 00 

20,650 00 

11,175 00 

9,250 00 

21,100 00 

16,350 00 

26,000 00 

21,600 00 

1,140 00 

13,350 00 

22,900 00 

11,600 00 

11,450 00 

11,100 00 

5,375 00 

8,960 00 

19,680 00 

11,200 00 

1,100 00 

11,400 00 

11,000 00 

11,800 00 

6,308 00 

5,225 00 

9,800 00 

10,300 00 

6,280 00 

3,495 00 

2,330 00 

5,600 00 

5,150 00 

11,100 00 

1,471 88 

8,700 00 

10,200 00 

23,400 00 

10,200 00 

12,600 00 

12,000 00 

10,487 50 

11,000 00 

10,400 00 

10,375 00 

10,000 00 

9,500 00 



L888.] 



INSURANCE COMPANIES. 



13 



Helena and Red Mountain Railroad bonds, 
Kan City, Mem. and Birmingham R. R. bonds, 
Middlesex Banking Company bonds, 
New England Mort. Security Company bond 
Saratoga Gas and Electric Light Co. bonds, 
Minneapolis Gas Lighl Company bonds,. 
Port ('hosier Standard Gas Light Co. bonds, 
50 shares Boston and Maine Railroad, . 
Chic , Bur. and Quincy R. R., . 
Union Pacific Railroad, . 
A teh., Topeka and Santa Fe R R., 
Central Massachusetts Railroad, 
Chic, Bur. and Northern Railroad 
American Loan and Trust ( !o., 
New England National Bank, 
Tremont National Bank, 
Continental National Bank, 
Boylston National Bank, 
Washington National Bank, . 
State National Bank, 



200 

50 
50 
65 
9 
25 

10.) 

50 
100 

35 
100 

22 



Cost. 

uo,i:>0 00 
9,612 50 
5,000 00 

10,100 00 

10,850 00 

in.. -,oo 00 
9,175 00 
5,63o 62 

25,080 62 
4,731 25 
4,212 50 
5,208 25 
L65 00 
2,550 00 

12,031 00 
5,590 50 

10.150 00 
4,362 50 

13.537 50 
2,531 50 



Market vnluo. 

$ 10,350 00 

9,300 00 

5,000 00 

10,500 00 

10,500 00 

10,000 00 

10,000 00 

8,950 00 

21,800 00 

3,212 50 

2,800 00 

1,760 00 

432 00 

2,831 25 

16,125 00 

5,581 25 

11,900 00 

4,812 50 

12,262 50 

2,871 00 



.,060,712 17 §1,080,395 01 



MASSACHUSETTS HOSPITAL LIFE INSURANCE COMPANY, 

BOSTON. 

[[ncorporated Feb. 24, 1818. Commenced business 1823.J 
TxiD-ur Capital, $500,000. 

William Minot, Presi'loit. James C. Braman, Secretary. 

Samuel C. Cobb, Actuary. 

Principal Office, 50 State Street. 



Income. 
Total premium income, .... 

Cash received for interest from all sources, 

Cash received for commissions on trusts, 



$48,064 82 
58,817 63 
53,537 35 



Total income, f 160,419 80 



Disbursements. 
Cash paid to annuitants, 

for dividends to stockholders, . 

for salaries of officers and office employees, 

for taxes and fees, .... 

for rent, ...... 

for incidentals, 

to Massachusetts General Hospital, 

Total disbursements, . 



|75,579 14 
40,000 00 
21,061 10 
7,428 33 
6,000 00 
1,509 62 
5,000 00 

$156,578 19 



14 



MASSACHUSETTS LIFE 



[Dec. 31, 



Invested in the following: — 

Assets as per Ledgeu Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
Loans on collateral security (schedule A), 
Cost value of stocks and bonds owned (schedule B), 
Cash deposited in bank, 



|40,516 71 

511,522 82 

405,708 15 

254,067 75 

31,975 88 



Ledger assets, 



Other Assets. 
Interest due and accrued, 

Market value of stocks and bonds, over cost, . 

Total assets per company's books, .... 

Liabilities. 

Net present value of all outstanding polices and annuities, 
Due and unpaid on annuity claims, 

Liabilities as to policy holders, 

Surplus as regards policy holders, 



Gross liabilities, 



$1,243,791 


31 


16,248 09 


37,560 51 


$1,297,599 


91 


• 

$471,332 


00 


5,046 


82 


$476,378 82 


821,221 


09 



Exhibit of Policies. 
Policies in force Dec. 31, 1888, .... 
Annuities in force, ...... 



Number. 

2 
211 



,297,599 91 

Amount. 

$6,000 00 



MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, 

SPRINGFIELD. 

[Incorporated May 1, 1851. Commenced business Aug. 1, 1851.] 

M. V. B. Edgerly, President. John A. Hall, Secretary. 



Income. 
New premiums without deductions, 
Renewal premiums, ...... 

Premiums paid by dividends, including additions, 
Premiums paid by surrendered policies, . 



Total, 

Deduct amount paid for re-insurance, 

Total premium income, 

Cash received for interest, 

as discount on claims paid in advance, 
for rents of company's property, 



Total income, . . . . 
Net or ledger assets, Dec. 31, 1887, . 

I :ll, 



$326,813 31 

1,195,882 17 

134,621 88 

10,226 35 

$1,667,543 71 
28,173 84 

11,639,369 87 

445,392 89 

714 95 

17,097 41 

$2,102,575 12 
8,275,791 99 



$10,378,367 11 



L888.] 



INSURANCE COMPANIES. 



15 



Disbursements. 

Cash paid for losses and additions, 

Premium notes or loans used in payment of same,. 
Cash paid for matured endowments and additions,. 
Premium notes or loans used in payment of same, . 

Gross amount paid for losses and endowments, 
Cash paid for surrendered policies, ..... 
Premium notes or loans used in purehase of surrendered 
policies, and voided by lapse, 

Cash surrender values applied in payment of premiums, 
Cash dividends paid policy holders, 915,598.64; applied in 

payment of premiums, $138,790.33, .... 
Premium notes or loans used in payment of dividends, . 



Total paid policy holders, .... 
Cash paid for commissions to agents, 

for salaries and travel line; expenses of 
for medical examiner's tees, . 
for salaries of officers and office employ 
for taxes and fees, .... 

for rent, 

for advertising and printing, . 

for incidentals, .... 

for expenses on real estate, . 

for premiums on securities purchased, 

Total disbursements, 

Balance, 



agents, 
ees, . 



$492,294 74 

19,523 26 

139,993 77 

3,665 23 



$655,477 


00 


156,784 


13 


29,340 93 


10,622 


52 


154,388 


97 


55,175 03 



$1,061,788 58 

165,894 41 

131,824 22 

16,224 00 

56,184 35 

23,823 70 

14,401 92 

17,563 25 

26,543 02 

27,559 76 

8,386 41 

$1,550,193 62 

$8,828,173 49 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
Loans on collateral security (schedule A), 
Loans on company's policies assigned as collateral, 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Ledger assets (as per balance) , 



$475,215 08 

2,754,265 81 

577,600 00 

285,770 00 

524,271 04 

4,010,562 25 

13,721 40 

186,767 91 

£8,828,173 49 



Other Assets. 

Interest due and accrued, 

Rents due and accrued, 

Market value of real estate, over cost, 



169,084 36 

1,950 00 

80,669 25 



16 



MASSACHUSETTS LIFE 



Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, . 

Total, 

Deduct loading (20 per cent.), . 

Net ain't of uncollected and deferred prercfs, 

Total assets per company's books, . 



$140,865 08 
220,028 23 

$307,493 31 
73,498 66 



[Dec. 31, 

$191,650 90 



293,994 65 
1,565,522 65 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries 1 4 per cent.), . 
Deduct net value of re-insured risks, 



Net re-insurance reserve, .... 
Death losses and matured endowments in 

process of adjustment, 

Claims resisted by the company, 

Total policy claims, 

Unpaid dividends of surplus due policy holders, 
Premiums paid in advance, .... 

Liabilities as to policy holders, . 
Surplus as regards policy holders, . 



$31,328 00 
3,211 00 



Gross liabilities, 



5,839,562 00 
90,203 00 

5,749,359 00 



34,539 00 

27,684 89 

1,704 15 

1,813,347 04 
752,175 61 

1,565,522 65 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1887, . . $524,084 35 

Premium notes received during 1888, . . 124,978 70 

Total, $649,063 05 

Used in payment of losses and claims, . . $23,188 49 
Used in payment of surrendered policies and 

voided by lapse, 29,340 93 

Used in payment of dividends to policy holders, 55,826 06 

Redeemed by maker in cash, .... 16,436 53 

Total, 124,792 01 

Balance note assets, Dec. 31, 1888, $524,271 04 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1887. 



Whole life, 
Endowment, 
All other, . 
Reversionary additions, 



Number. Amount. Total No. Total amount. 

12,530 $33,683,301 00 

4,318 9,735,031 00 

840 1,897,427 00 

36,010 00 

17,688 $45,351,769 00 



1888.] 



INSURANCE COMPANIES. 



Policies issued during V 





Number. 


Amount. ToUl Xo. 


Total amount. 


. 


. L - . 


00 




• 


801 


.00 00 




All other. . 


. 


00 








-.631 


612:: )7-550 00 



le life. 
Endowment, 



. 



: 



- 22 00 



Endowment, 

3 y divM 
iL . 



Old Poli 

$ 19,328 00 

- 



I 00 

00 



Policies terminated during ike 1 



Whole li 


. 1,7 


" 1 00 


Endowment, 




. 


All othe 




.301 00 




2,558 


|7, . .031 00 




E 


Bv death. . 


. 


f O 


By maturity, 




117,049 00 


By expiry. . 


Ill 


a joo oo 


By surrender, 




1. _ 00 


pee, . 




: .•: ■■.ooo oo 


Bv change and decreav 


- 


28 00 


2sot taken, . 




-o0,000 00 

2.00S ;.:-\:.;: :: 



Policies in force Bee. 31, 1888. 



Whole 1:: 


. 13, 


$37. 1 00 


Endowment, 


. 4. 


10,201,984 00 


All other. . 


. 




vsionary additions. 


- 


47,971 00 



1SJ 



18 



MASSACHUSETTS LIFE 



[Dec. 31, 



Schedule A. 
Securities held as Collateral for Cash Loans. 



19 shares Springfield Gas Light Company, 

20 shares Union Paper Manufacturing Co., 
Lackawanna and Pittsburgh Railroad bonds, 
Columbus and Eastern Railroad bonds, . 
Del Norte Land and Canal Company bonds, 
100 shares Quiney Water Works, 
120 shares Chicopee Water Works, . 
Utah Southern Railroad bonds, 
South Florida Railroad bonds, . 
200 shares Winona Paper Company, 
New York, Rutland & Montreal Railway Vds 

17 shares P. C. Cheney Company, . 

40 " Union Paper Manufacturing Co., 

20 " Springdale Paper Manufacturing Co 

5 " American Speaking Telephone Co 

6 " New York and New Jersey Tel. Co. 
50 " Albany Card and Paper Company 

Mineral Range Railroad bonds, 

100 shares New York and New Jersey Tel. Co 

120 shares First National Bank, Billings, M. T 

Streator Aqueduct Company, . 

South Central Railroad bonds, . 

Savings Bank guaranty fund, . 

Paid-up policy National Life Ins. Company, 

Claremont Water Works bonds, 

100 shares Albany Card and Paper Company, 

240 " Nashua and Lowell Railroad, . 
50 " Wilton Railroad, . . 

Upper Coos Railroad bonds, 

300 shares Fairfield Paper Compan} 7 , 

Des Moines and Kansas City Railroad stock, 

Woodlawn Cem. Association (Toledo) bonds, 
20 shares Adams Exj^ress Company, 
20 " Wells, Fargo Express Company, 

100 " Springfield F. and M. Insurance Co 
75 " Morgan Envelope Company, . 
46 " New York and New Jersey Tel. Co 
26 " Patterson Electric Light Co., . 
83 " Hartford Manilla Company, . 
60 " United Electric Light Company, 
50 " Boston Herald Company, 

Connecticut River Paper Company, . 

140 shares Hampden Paint and Chemical Co., 



Market value. Amount loaned. 

$2,850 00 §1,900 00 
1,000 00 1,000 00 



50,000 00 
10,000 00 

25,000 00 

3,000 00 
55,000 00 
25,000 00 
20,000 00 
25,500 00 
2,200 00 
1,800 00 

1,290 00 

7,500 00 
12,000 00 

9,000 00 
12,000 00 
27,000 00 

4,680 00 
14,000 00 
500 00 
37,800 00 
15,000 00 
45,000 00 

7,500 00 
62,500 00 
30,000 00 
50,000 00 
20,000 00 

2,800 00 

2,800 00 
18,000 00 



50,000 00 
10,000 00 

15,000 00 

2,400 00 
42,000 00 
20,000 00 
20,000 00 
15,900 00 

1,800 00 

1,000 00 

5,000 00 

10,000 00 

5,000 00 
25,000 00 

2,500 00 

10,000 00 

500 00 

30,000 00 

5,000 00 
30,000 00 

5,000 00 
50,000 00 
25,000 00 
40,000 00 
10,000 00 

15,000 00 



\ 36,010 00 20,000 00 



25,000 00 
75,000 00 
10,000 00 



25,000 00 

75,000 00 

8,600 00 



§746,730 00 §577,600 00 



L888.] 



[NSURANCE COMPANIES. 



19 



Schedule B. 
Slocks and Bonds owned by the Company, 



United Slates bond- 

Burlington and Mo. Railroad bonds, 
chic. Burl and Quincy Railroad bonds, . 

Chic. Burl, and Northern Railroad bonds, 

Mahoning Coal Railroad bonds, 

Central Railroad of New Jersey bonds, . 

Southern Central Railroad bonds, . 

Lebanon Springs Railroad receivers' cert., 

Ohio and West Virginia Railway bonds, . 

Oregon Short Line Railway bonds, . 

Central Iowa Railroad bonds. . 

St. Louis and Hannibal Railroad bond-. . 

Rutland Railroad bonds, .... 

Northern Pacific Railroad bonds, 

Helena and Red Mountain Railroad bond-. 

Cedar Rapids and X. Western Railroad bonds 

Marquette, Houghton and ()nt. R. R. bonds, 

American Hock and Improvement Co. bonds, 

Canada Southern Railway bonds, 

Wabash, St. Louis and Pacific Railroad bonds 

Decatur and Ea. St. Louifl Railroad bonds, 

Wabash, St. Louis and Pacific R. R. bonds, 

Verdigris Val., Ind. and Western R. R. bonds 

Missouri, Kansas and Texas bonds, . 

St Louis, Iron Mountain and So. R. R. bonds 

Cincinnati, Van Wert and Mich. R. R. bonds 

Boston, Hoosac Tunnel and West. R. R. bonds 

Louisville and Nashville Railroad bonds, 

Ea. Tenn., Virginia and Georgia R. R. bonds 

Long Dock bonds, 

Kansas City, Memphis and Birm. R. R. bonds 
Chicago and Ea. Illinois Railroad bonds, 
Grand Rapids, Lansing and Det. R. R. bonds, 
St Louis and Omaha Railroad bonds, 
Des Moines and Kansas City Railway bonds, 
Nash., Chattanooga and St. Louis R.W. bonds 
St. Paul, Minn, and Manitoba Railway bonds 
Midland Railroad of Xew Jersey bonds, . 
Maine Central Railroad bonds, 

Ohio, Indiana and Western Railway bonds, 

Pittsburg, Painsville and Fairport R. R. bonds 
Leavenworth County (Kan.) bonds, 
Marion County (Kan.) bonds, . 
Rice County (Kan.) bonds, 



Cost. 

$100,000 00 
89,1G8 7r> 
54,300 00 
144,300 00 
15,097 24 
99,785 64 
53,400 00 
48,000 00 
30,000 00 
21,915 00 
76,740 00 
4,000 00 
80,000 00 
36,000 00 
40,000 00 
50,000 00 
50,000 00 
45,562 50 
22,125 00 
42,137 50 
24,375 00 
21,803 18 
50,000 00 
25,000 00 
24,082 50 
8,750 00 
22,875 00 
50,000 00 
49,062 50 
50,000 00 
23,750 00 
25,000 00 
100,000 00 
50,000 00 
25,000 00 
50,000 00 
20,531 00 
25,000 00 
49,875 00 

84,647 25 

47,500 00 
29,400 00 
15,500 00 
50,000 00 



Market value. 

$108,500 00 
90,000 00 
54,000 00 
152,250 00 
54,500 00 
108,500 00 
53,406 00 
50,000 00 
33,600 00 
28,000 00 
67,820 00 
4,000 00 
32,400 00 
37,800 00 
42,000 00 
46,000 00 
50,000 00 
54,500 00 
23,375 00 
41,000 00 
22,000 00 
26,250 00 
52,500 00 
22,750 00 
21,250 00 
9,500 00 
24,500 00 
55,375 00 
51,000 00 
59,000 00 
23,250 00 
29,375 00 
100,000 00 
52,500 00 
25,000 00 
52,500 00 
20,875 00 
28,812 50 
50,000 00 
< 73,500 00 
I 6,300 00 
47,500 00 
30,000 00 
15,5C0 00 
50,000 00 



20 



MASSACHUSETTS LIFE 



[Dec. 31, 



Cost. 

Chatauqua County (Kan.) bonds, . . . $37,620 00 

Cowley County (Kan ) bonds 50,000 00 

Saline County (Kan.) bonds, .... 58,00000 

Clay County (Kan.) bonds, .... 48,00000 

State of Kansas school district bonds, . . 47,27-4 60 

White County (111.) bonds 100,000 00 

Warren County (111.) bonds, .... 20,900 00 

Kankakee County (111.) bonds, . . . 10,000 00 

Cass County (111 ) bonds, 17,100 00 

Perry County (Dl.) bonds 12,000 00 

Saline County (111 ) bonds, .... 30,000 00 

Lancaster Count}' (Neb.) bonds, . . . 69,970 00 

Paulding County (O.) bonds, .... 14,000 00 

( )s\vego Township (Kan.) bonds, . . . 28,500 00 

Town of Douglass (111.) bonds, . . . 32,000 00 

Town of Kankakee (111.) bonds, . . . 8,000 (>0 

Town of Edwardsville (111.) bonds, . . . 11,700 00 

Town of Monmouth (111.) bonds, . . . 24,375 00 

Town of Kewanee (111.) school bonds, . . 27,500 00 

City of Burlingame (Kan.) bonds, . . . 4,000 00 

City of Topeka (Kan.) school bonds, . . 30,000 00 

City of Kansas viaduct bonds, .... 5,900 00 

City of Morehead (Minn.) bonds, . . . 10,000 00 

Western Union Telegraph bonds, . . . 25,000 00 

Freeman Manufacturing Company bonds, . 30,000 00 

Wallingford Gas Light Company bonds, Conn., 19,500 00 

Council Bluffs City bonds, la , . . . . 30,000 00 

St. Joseph Water Company bonds, Mo., . . 100,000 00 

Hornellsville Water Company bonds, X. Y., . 24,375 00 

National Water Works Company bonds, N. Y., 97,500 00 

Omaha City Water Works Co. bonds, Neb., . 75,000 00 

Leavenworth City Water Co. bonds, Kan , . 50,000 00 

Knoxville Water Company bonds, Tenn., . 34,500 00 

Silverton Water Works Company bonds, Col., 26,844 95 

City of Fairfield Water Works Co. bonds, la., . 17,575 00 

Galesburg Water Company bonds, 111., . . 23,575 00 

Marseilles Water Power Company bonds, 111., 5,000 00 

Chippewa Falls Water Works Co. bonds, Wis., 34,868 15 

Leadvillc Water Company bonds, Col., . . 29,875 00 

Crookston W. W., Power and Light Co. b'ds, Minn., 45,000 00 

50 shares Second Natl Bank, Springfield, . 6,132 50 

20 " Pynchon Nat'l Bank, Springfield, . 1,975 00 

34 " First National Bank, Northampton, . 3,455 50 

65 " Franklin Co. Nat. B'k, Greenfield, . 6,305 00 

500 " Boston and Albany Railroad, . . 62,521 86 

316 " Connecticut River Railroad, . . 51,940 00 

100 •• X. V.. X. II. & II. River R. R., . 15,324 50 

500 " Chic., Burlington and Quin. R. R., . 65,504 83 

600 " Albany and Susquehannah R. It., . 76,362 50 



Market value. 

$38,000 00 

50,000 00 

58,000 00 

50,000 00 

47,274 60 

105,000 00 

22,000 00 

10,000 00 

19,000 00 

12,000 00 

31,500 00 

70,000 00 

14,000 00 

30,000 00 

32,000 00 

8,000 00 

12,000 00 

25,000 00 

27,500 00 

4,000 00 

31,500 00 

5,900 00 

10,500 00 

28,750 00 

30,000 00 

20,000 00 

30,000 00 

110,000 00 
26,250 00 

103,000 00 

82,500 00 

55,000 00 

35,000 ( 

22,400 00 

19,000 00 • 

5,750 00 

5,000 00 

37,000 00 

31,000 00 

49,500 00 

7,750 00 

3,200 00 

4,352 00 

6,500 00 

101,000 00 
60,514 00 
24,000 00 
55,000 00 
91,800 00 



L888.] 



[NSURANCE COMPANIES. 



21 



1100 

loco 
10 
185 
125 
500 
200 

117 



Cost. 

shares Lake Shore and Mich. So. R. R., . |121,712 50 

• Chic.,Rock Island and Pac R.R., . 28,825 00 

" Chicagoand North Western R.R., 82,975 00 

" Pittsburgh, Ft Wayne* Chic. U.K., 27,400 00 

" Detroit, Hillsdale & S.West.R.R., 7 1,550 00 
" St Louis and Hannibal Railroad, . 

" Union Paper Mfg. Co., . . . 21,512 50 

» Austin (Tex.) Gas Co., . . . 6,250 00 

" St. Joseph (Mo.) Water Co.. . 11,897 75 

Mt Pleasant (Iowa) Water Co., . 15,400 00 

" No. Poudre Land and Canal Co., . 8,1 17 55 

" Oregon Short lane Railroad, 

" Western N. V. and IVnn. R. R., . 2,145 00 



Market value. 

fll LIO0 00 
2!). lot) 00 
82,400 00 
30non on 
80,000 00 

t,000 00 
21,582 5<) 

6.250 00 
12,500 00 
20,000 00 

8,147 5:, 
800 00 

1,404 00 



$1,010,562 25 $1,202,213 15 



NEW ENGLAND MUTUAL LIFE [NSURANCE COMPANY, 

BOSTON. 

[Incorporated April 1, 1836. Commenced business Dec. 1, 1843.] 

Benjamin F. Stevf.ns, Presuh nt. S. F. Trull, Secretary. 

Principal Office, Post Office Square. 



Income. 

New premiums without deduction-. . 
Renewal premiums, 



Total premium income, .... 
Cash received for interest, .... 
Cash received for rents of company's property, 
Profit and loss account, 



Total income, . . . . 
Net or ledger assets, Dec. 31, 1887, . 



Total, 



$302,998 55 
2,109,811 40 

$2,472,809 95 

882,435 18 

86,242 42 

45,428 24 



$3,486,915 79 
17,548,727 41 

$21,035,643 20 



" Disbursements. 

Cash paid for losses and additions, $1,171,659 66 

Premium notes or loans used in payment of same, . . . 29,994 34 
Cash paid for matured endowments and additions, . . . 195,159 44 
Premium notes or loans used in payment of same, . . . 7,043 56 

Gross amount paid for losses and endowments, . . $1,403,857 00 

Cash paid for surrendered policies, 266,198 31 

Premium notes or loans used in purchase of surrendered poli- 
cies, and voided by lapse, . 38,793 21 



22 



MASSACHUSETTS LIFE 



[Dec. 31, 



Cash distributions paid policyholders, applied in payment of 

premiums, 

Premium notes or loans used in payment of distributions, 

Total paid policy holders, 

Cash paid for commissions to agents, 
for medical examiner's fees, 
for salaries of officers and office employees, 

for taxes and fees, 

for advertising, 

for incidentals, 

for accrued interest on securities purchased, 



Total disbursements, 

Balance, 

Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
Loans on collateral security (schedule A), 
Loans on company's policies assigned as collateral, 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule B) , 
Cash deposited in bank, ... . 

Quarterly and semi-annual premium notes, 

Ledger assets (as per balance), 

Other Assets. 
Interest due and accrued, 

Rents due and accrued, 

Market value of stocks and bonds, over cost, .... 

Uncollected premiums on policies in force, . $ 154,471 6Q 

Deduct loading (20 per cent.),. . . . 30,894 33 

Net am't of uncollected and deferred prem's, . 

Total assets per company's books, 



$565,992 76 
28,986 30 

$2,303,827 58 

179,370 47 

14,097 27 

101,428 87 

37,572 52 

16,266 46 

160,164 94 

8,380 64 

$2,821,108 75 



,214,534 45 



$1,757,428 64 

2,931,660 00 

1,015,812 97 

6,400 00 

694,848 68 

10,853,725 80 

692,562 91 

262,095 45 



,214,534 45 

196,687 06 

11,334 99 

1,162,957 45 

123,577 33 

$19,709,091 28 



Liabilities. 
Computed premium reserve or net present value of all out- 



standing policies (actuaries 1 4 per cent.), . 

Death losses unpaid, $95,164 00 

Matured endowments unpaid, .... 18,373 00 

Total policy claims, 

Unpaid distributions of surplus due policy holders, 

Liabilities as to policy holders, ' 

Surplus as regards policy holders, 



$16,958,895 00 



113,537 00 
120,294 15 



Gross liabilities, 



$17,192,72(1 15 
2,516,365 13 

$19,709,091 28 



1888.] 



INsrKAXCE COMPANIES. 



23 



Premium Note Account. 

Premium notes on hand, Deo. 81, 1887, . . $727,351 64 

Premium notes received during 1888, . . 538,672 94 

Total $1,266,024 58 

Used in payment of losses and claims, . . (87,037 90 
Used in payment of surrendered policies and 

voided by lapse 38,793 21 

Usedin payment of dividends to policy holders, 28,986 30 

Redeemed by maker in cash, .... 466,358 49 

Total,.' 571,175 90 

Balance note assets, Dec. 31, 1888, §694,848 68 



Whole life, 
Endowment, 

All other, . 



Exhibit of Policies. 
Policies and Addition* in Force Dec. 31, 18 87. 

Number. Amount. Total No. 

. 11,1 W 183,716,178 00 
. 11,469 32,874,109 00 

1,218 3,163,842 00 



Total amount. 



23,817 $69,754,124 00 






Whole life, 
Endowment, 
All other, . 



Policies issued during the Tear. 

$13,579 00 
3,228 9,073,379 00 

1 1,321 00 



3,229 9,088,279 00 



Whole life, 
Endowment, 



Old Policies revived. 

22 $91,061 00 
25 112,641 00 



47 203,702 00 



Total, 27,093 $79,046,105 00 

Policies terminated during the Year. 
Whole life, ... 484 $1,736,127 00 

Endowment, . . . 1,195 3,494,810 00 
All other, .... 109 223,927 00 



1,788 $5,454,864 00 



How terminated. 



By death, . 


396 


$1,241,716 00 


By maturity, 


109 


184,558 00 


By expiry, . 


103 


206,500 00 


By surrender, 


420 


1,123,690 00 


By lapse, . 


426 


1,658,436 00 


By change and decrease, . 


9 


176,964 00 


Xot taken, . 


325 


863,000 00 



1,788 $5,454,864 00 



24 



Whole life, 
Endowment, 

All other, . 



MASSACHUSETTS LIFE 

Policies in force Dec. 31, 188S. 



[Dec. 31, 



Number. Amount. Total No. Total amount. 

10,678 $32,084,686 00 

13,517 38,565,819 00 

1,110 2,941,230 00 
25,305 $73,591,241 00 



Schedule A. 
Securities held as Collateral. 



12 shares Freeman's Nat'l Bank of Boston, 
• " Third National Bank of Boston, 

30 " American Bell Telephone, 
4 " Freeman's National Bank, 
< !hicago and E. Illinois Railroad bonds, . 
Kansas City, Emporia and So. Railroad bonds 
20 certificates Huntington Ave. lands, 
Oregon Transcontinental Co. bonds, 
100 shares Grand Ave. R'y, Kansas City, 
239 " Metropolitan St. R'y, Kansas City, 
Cinn., Sandusky and Cleve. Railroad bonds, 
Ogdensburg and Lake Champlain R.R. bonds 
100 shares N. Y. and N. E. Railroad, 
100 " Old Colony Railroad, . 

25 " Chicago, Burl, and Quincy R.R., 

Cash, 

450 shares Metropolitan St. R'y, Kansas City 
150 " Grand Ave. R'y, Kansas City, 

70 " Atchison, Top. and Santa Fe R.R. 
Policy of Life Insurance, 
100 shares Chicago and Northwestern R.R., 
Kansas City, Top. and Western R.R. bond, 
150 shares Grand Ave. R'y, Kansas City, 

39 " Metropolitan St. R'y, Kansas City, 

70 " Tremont National Bank of Boston, 
South Florida R. R. bonds, 

55 shares Boston and Albany R. R., 
315 " Bridgeport Paper Co., 
Burl, and Mo. River R. R. (in Neb.) bonds, 
New York and New England R. R. bonds, 
250 shares Rensselaer and Saratoga 11. R., 
250 " Norwich and Worcester R. R., 
Atch., Top. and Santa Fe R. R. bonds, 
630 shares Bridgeport Paper Co., 
1600 Bhares West End Street Railway, 
Eastern Railroad Company bonds, . 

shares Atchison, Topeka and Santa Fe R.R. 
Atchison, Topeka and Santa Fe R. K. bonds, 
300 shares Metropolitan St. K\, Kansas City, 



Market vuliie. 

$1,200 00 

9,720 00 

0,090 00 

400 00 

1,170 00 

2,200 00 

91,000 00 

5,075 00 

9,000 00 

21,510 00 

15,300 00 

13,475 00 

11,700 00 

17,100 00 

2,750 00 

250 00 

40,500 00 

13,500 00 

4,077 50 

2,410 93 

10,825 00 

1,100 00 

13,500 00 

3,510 00 

8,740 00 

14,000 00 

11,110 00 

31,500 00 

17,800 00 

02,000 00 

43,750 00 

43,875 00 

8,055 00 

03,000 00 

129,000 00 

3,090 00 

1,922 25 

1,030 00 

27,000 00 



J 



Amount loaned. 

§1,000 00 

4,000 00 

3,300 00 

300 00 

2,250 00 

44,802 97 
2,400 00 

25,000 00 



50,000 00 



2,500 00 

30,000 00 
10,000 00 

4,000 00 

9,000 00 
800 00 

15,000 00 

3,500 00 
12,000 00 

8,000 00 
25,000 00 



77,500 00 

7,000 00 

50,000 00 

100,000 00 

3,000 00 

2,100 00 
20,000 00 



1888.] 



INSURANCE COMPANIES. 



25 



Detroit and Bay City Railroad bonds, 
Eastern Railroad bonds, .... 
L600 shares Wes1 End Street Railway, . 

600 M Union Stock Yards and Transit, 
600 " Chicago and Northwest, 
800 " Union Pacific Railway, . 

Chicago and Eastern Illinois Railway bonds, 

1 mortgage note 

South Kansas Railroad bonds, . 

Atchison. Topeka and Santa Fc R. R. bond-. 

150 shares Atchison. Topeka and Santa Fe WW. 

Mexican ( Vntral bonds, .... 

■J.'iti Bhares Boston and Maine, . 

•Jim) « Old Colony Railroad, 

Helena and Red Mountain Railroad bind-. 

200 shares Chicago, Burl, and Quincy R. R , 

Denver and Rio Grande Western R. R. bonds 

Oregon improvement Company bonds, . 

Oregon and Transportation bonds, . 

100 shares Third National Rank of Boston, 

St. Louis and San Francisco Railroad bonds, 
New Mexico and Smith Pacific Railroad bonds 
Kingman, Pratt and Western Railroad bonds, 
Atchison. Topeka anil Santa Vr R. R. bonds, 
Chicago, Kansas and Western R. R. bond-. 
22 shares Chicago, Burlington & Quincy R. R., 



Market value. 

f 1,250 00 
61,600 00 

1 -2 9, COO 00 

55,500 00 

54,12."> 00 

19,312 50 

9,270 00 

5,500 00 

5,930 00 

17,900 00 

s,737 50 

2,040 00 

16,250 00 

34,200 00 

.•-'-..MM. 00 

22,000 00"j 

11,250 00 

10,450 00 

10,150 00 J 

10300 00 

1,157 50 

58,500 00 

$50 00 

895 00 

900 00 

2,420 00 



Amount loaned. 

$700 00 

50,000 00 

100,000 00 

100,000 00 



7,000 00 

1,000 00 

20,000 00 

10,000 00 

60,000 00 
17,500 00 

35,000 00 

10,000 00 
50,000 00 

4,500 00 
1,300 00 



£1,396,529 18 $1,015,812 97 



72 shares 


100 


M 


333 


II 


100 


II 


50 


II 


21 


II 


91 


II 


107 


II 


150 


II 


150 


II 


240 


11 


320 


II 


200 


II 


375 


11 


250 


11 


120 


II 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost. Marketvalue. 

Atlantic National Bank, . . ^7,101 00 $9,504 00 

Bay State National Bank, . . 7,500 00 14,200 00 

Bolton National Bank, . . . 33,300 00 39,960 00 

Continental National Bank, . . 10,000 00 11,800 00 

First Nat'l Bank of Cambridge, . 5,000 00 8,887 50 

Massachusetts National Bank, . 5,250 00 5,617 50 

Merchants' National Bank, . . 9,100 00 13,013 00 

National City Bank of Lynn, . 10,700 00 20,865 00 

National Revere Bank, . . . 15,000 00 19,050 00 

National Hide and Leather Bank, . 15,000 00 18,375 00 

National Eagle Bank, . . . 24,000 00 24,960 00 

Tremont National Bank, . . 31,951 25 36,800 00 

National Webster Bank, . . 20,000 00 22,400 00 

Boston Safe Deposit and Trust Co., 37,500 00 65,625 00 

Merchandise National Bank, . . 25,000 00 22.750 00 

State National Bank, . . . 10,273 10 15,240 00 



26 



MASSACHUSETTS LIFE 



[Dec. 31, 



400 Bhares Third National Bank, . 

100 " Globe National Bank, . 

400 " Nicollet National Hank, 

200 " American Loan and Trust Co., 
I * German-American National Bank 

860 " Boston and Albany Railroad, 

300 " Boston and Providence Railroad, 
1278 " Chicago, Bur. and Quincy R. R., 

800 " Connecticut and Passunipsic R. R. 

250 " Fitchburg Railroad, 

150 " N, Y., X. Ilav. and Hartford R. R. 

850 " Norwich and Worcester Railroad 

100 " Xorthern Railroad, 

200 " Connecticut River Railroad, . 

266 " Chicago and Alton Railroad, . 

105 " Eastern Railroad of N. H., . 

200 " Portland, Saco and Portsmouth, 

575 " Atch., Top. and S. Fe. Railroad, 

200 " Boston and Lowell Railroad, 
1120 " Met. St. Railway of Kansas City, 
Eastern Railroad bonds, .... 
Phil a., Wilmington and Baltimore R. R. bonds 
Michigan Central Railroad bonds, . 
Boston, Concord and Montreal Railroad bonds 
Chicago, Burlington and Quincy R. R. bonds 
Worcester and Nashua Railroad bonds, . 
Xew Haven and Derby Railroad bonds, . 
Fremont, Elkhorn and Mo. Valley R. R. bonds 
Atchison, Topeka and Santa Fe Railroad bonds 
Maine Central Railroad bonds, 
Ottumwa, Cedar Falls and St. Paul R. R bonds 
Da}*ton and Michigan Railroad bonds, 
Delaware and Chesapeake Railroad bonds, 
Pittsburg, Cleveland and Toledo R. R. bonds, 
Michigan Central Railroad bonds, . 
Chicago, Milwaukee and St. Paul R. R. bonds, 
Strawn and Indiana State Line bonds, 
Mo.Val. and Blair R'vvay and Bridge Co bonds 
Xorthern Illinois Railway bonds, 
Chicago and Northwestern Railway bonds, 
Kan. City, Clinton and Springfield Wy bonds, 
Union Pacific Railway bonds, . 
Burlington and Mo. River R. R. in Xeb. bonds 
South Kansas Railway bonds, . 
St. Joseph and Grand Island Railroad bonds, 
CorrigaD Con. Street R\ (Kansas City) bonds 
St. Louis Cable and Western Railway bonds, 

Spokane and Palouse Railway bonds, 

Cin., [nd'polis, St. Louis and Chicago bonds, 



Cost. 

$40,000 00 
10,000 00 
40,000 00 
20,000 00 
10,000 00 
85,000 00 
29,950 00 
127,732 77 
80,000 00 
24,759 00 
15,000 00 
84,925 25 
10,000 00 
20,000 00 
26,600 00 
3,150 00 
20,000 00 
51,712 50 
20,000 00 
109,500 00 
275,000 00 
193,871 67 
75,000 00 
500,000 00 
120,000 00 
75,000 00 
14,250 00 
50,000 00 
145,902 50 
248,850 00 
50,000 00 
50,000 00 
108,531 25 
50,000 00 
100,000 00 
98,942 50 
50,000 00 
25,000 00 
100,000 00 
50,000 00 
50,000 00 
100,000 00 
190,781 25 
125,000 00 
50,000 00 
100,000 00 
50,000 00 
25,000 00 
68,800 00 



Market value. 

$43,200 00 
9,800 00 
40,000 00 
22,700 00 
10,000 00 
171,700 00 
75,000 00 
140,580 00 
90,000 00 
19,500 00 
36,000 00 
149,175 00 
14,500 00 
38,400 00 
35,910 00 
11,392 50 
24,600 00 
33,493 75 
31,200 00 
100,800 00 
338,250 00 
204,060 00 
77,437 50 
546,250 00 
150,480 00 
77,250 00 
18,300 00 
61,500 00 
151,500 00 
256,250 00 
54,000 00 
52,750 00 
110,000 00 
50,000 00 
128,000 00 
103,250 00 
54,000 00 
25,750 00 
108,000 00 
53,700 00 
47,500 00 
105,000 00 
178,000 00 
120,000 00 
51,875 00 
101,750 00 
52,500 00 
25,250 00 
61,125 00 



1888.] 



INSURANCE COMPANIES. 



27 



Chicago, Burlington and Northern R.R. bonds, 

Helena and Red Mountain Railroad bonds, 

Chicago, Kansas and Western Railroad bonds, 

Atchison, Topeka and Santa Fe Railroad bonds, 

Kansas City Cable Railway bonds, . 

Dakota and Greal Southern Railroad bonds, 

Des Moines and Fort Dodge Railroad bonds, 

Maine Central Railroad Co. bonds, . 

Housatonic Railroad bonds, 

Puluth and Iron Range Railroad bond-. . 

Chicago and Eastern Illinois Railroad bonds, 

Chicago, Rock Island and Pacific R. R. bonds, 

Fitchburg Railroad bond-, 

Baltimore and Ohio R. R. bonds, 

Somerset R*y bonds, 

Grand Rapids, Laos, and Det. R. R. bond 

Grand Ave. R'v (Kansas City) bonds, 

St. Paul, Minn, and Man. R'v bond-, 

Oregon Short Line bonds, 

Louisville, Evans, and St. Louis R. R, bonds, 

Bvansville, T. II. and Chicago R. R. bonds, 

Boston and Providence R. R. bonds, 

Albany city scrip, .... 

Boston city loan 

Boston water loan 

Boston court house loan, . 

Boston sterling loan, 

Chicago sewerage loan, . 

New Hampshire loan, 

Chelsea loan, . .... 

Lawrence loan, .... 

Lynn loan, ..... 

Massachusetts loan, 

Rhode Island loan, .... 

Cincinnati loan, .... 

Worcester water loan, 

Lowell water loan, .... 

Brookline loan, .... 

Fitchburg- loan, .... 

Springfield loan, .... 

Providence loan, .... 

Norwich loan, 

Fall River loan, .... 

Holyoke loan, 

Xewton loan, ..... 
Haverhill loan, .... 
Xew York city loan, .... 
Xew Bedford loan, .... 
Salem loan, 



Cost 

|50,000 00 

50,000 00 

54,000 00 
141,812 50 

71,500 00 
100,000 00 

24,500 00 

180,862 50 

100,000 00 

17,500 00 

97,050 00 
100,000 00 

50,000 00 

50,000 00 

97,500 00 

29,250 00 
95,500 00 
18,500 00 
50,000 00 

.000 00 

10,000 00 

100,000 00 

28,256 00 

2<»7.7:i<; 12 

863,000 00 

5,000 00 

190,000 00 

70,350 00 

26,000 00 

206,504 17 

186,210 83 

226,000 00 

98,172 35 

50,000 00 

95,000 00 

85,000 00 

56,533 33 

225,000 00 

125,485 17 

126,000 00 

146,403 06 

94,000 00 

203,000 00 

5,000 00 

70,000 00 

5,000 00 

300,000 00 

10,000 00 

10,000 00 



Market value. 

ec',500 oo 

50,000 00 

49,500 00 

134,250 00 

72,000 00 

95,000 00 

21,250 00 

IT 5,500 00 

106,000 00 

48,500 00 

97,000 00 

104,750 00 

52,687 50 

53,750 00 

100,000 00 

29,100 00 

95,000 00 

48,000 00 

55,250 00 

c.-J, 700 00 

10,400 00 

104,000 00 

27,420 00 

246,195 00 

404,575 00 

5,425 00 

195,500 00 

81,750 00 

33,470 00 

232,140 00 

205,230 00 

267,345 00 

113,295 00 

54,500 00 

119,200 00 

98,175 00 

59,280 00 

241,937 50 

151,225 00 

170,100 00 

160,140 00 

120.040 00 

222,840 00 

5,800 00 

87,500 00 

5,100 00 

348,000 00 

11,300 00 

11,450 00 



28 



MASSACHUSETTS LIFE 



[Dec. 31, 



Taunton loan. ...... 

LewistOD loan, 

Pawtuckel loan, 

Chamber of Commerce (Minneapolis) bonds 

Boston and Maine Railroad loan, 

St. Paul Chamber of Commerce bonds, . 

Kansas City School District bonds, . 

Minneapolis Gas Light Company bonds, 

City of Lawrence (Kansas) bonds, . 

Lincoln (Nebraska) bonds, 

Jarvis-Conklin Mortgage Trust Co. bonds, 

Jamaica Plain Gas Light Compan}* note, 

Town of Eden (Maine) loan, . 

Nicollet National Bank loan, . 

Boston. Concord and Montreal Railroad note, 

St Louis Cable and Western Railroad note, 

Atchison, Topeka and Santa Fe Railroad note 

Metropolitan St R'y Co. (Kansas City) note, 
40 shares Boston Gas Light Company, . 
5 " Dwight Manufacturing Company 
5 " Massachusetts Cotton Mills, . 
120 " Title Insurance Company, 
981 " Land Title Guar.Co. (Kansas City) 
" Boston Gas Syndicate Stock, . 

1000 " Boston Northwest Real Estate Co. 



United States bonds, . 



Cost. 

|89,000 00 
100,000 00 
150,000 00 

97,500 00 

100,000 00 

48,750 00 

50,000 00 

50,000 00 

50,000 00 

49,583 33 

99,000 00 

20,000 00 

107,000 00 

50,000 00 

20,000 00 

20,000 00 

200,000 00 

200,000 00 

20,000 00 

5,000 00 

5,000 00 

12,000 00 

45,832 40 

50,000 00 

50,000 00 

166,000 00 



Ifatket value. 
144,460 00 

114.000 00 
164,260 00 
100,000 00 

100,000 00 
50,000 00 
51,500 00 
52,750 00 

50,000 00 
5o,()i)0 00 

100,000 00 
20,000 00 

K)7,000 00 
50,000 00 
20,000 00 
20,000 00 

200,000 00 

200,000 00 
42,000 00 
3,562 50 
5,525 00 
12,000 00 
49,050 00 
50,000 00 
50,000 00 

206,490 00 



$10,853,725 80f 12,016,683 25 



STATE MUTUAL LIFE ASSURANCE COMPANY, WORCESTER. 

[Incorporated March, 1844. Commenced business June, 1845.] 

A. G. Bullock, President. Henry M. Witter, Secretary. 



Income. 
New premiums without deductions, . 
Renewal premiums, 



Total, 

Deduct amount paid for re- insurance, 

Total premium income, 
Cash received for interest, 

as discount on claims paid in advance, 
for rents of company's property, 

Total income, 

Net or Ledger assets, Dec. 31, 1887, .... 

Total, 



$303,516 49 

731,742 25 

$1,035,258 74 

1,735 43 

$1,033,523 31 

222,563 66 

688 55 

908 70 

% 1,257,684 22 

4,883,027 46 

15,640,711 68 



1888.] 



INSURANCE COMPANIES. 



29 



Disbursements. 

Cash paid for losses and additions, 

Cash paid for matured endowments and additions, 

Gross amount paid for losses and endowments, 

Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse 

Cash dividends paid policy holders, applied in payment of 

premiums 



Total paid policy holders, 

Cash paid for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiner's fees, .... 
for salaries of officers and office employees, . 

for taxes and fees, 

for advertising and incidentals, 

for profit and loss account, .... 

Total disbursements, 

Balance, 



$829,074 52 

55,000 00 

$884,074 52 

65,573 64 

8,409 41 

161,400 03 

$619,457 60 

129,603 50 
31,828 28 
7,298 50 
21,549 00 
13,402 81 
13,134 20 
323 71 

$836,097 60 
$4,804,614 08 



Invested in the following: — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
on collateral security (schedule A), 
on company's policies assigned as collateral, 

Premium notes or loans on policies in force, . 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Ledger assets (as per balance), 



$86,000 00 
813,484 00 
138,300 00 
225,840 00 
114,555 11 
3,316,448 84 
1,979 67 
108,006 46 

§4,804,614 08 



Other Assets. 
Interest due and accrued, 

Market value of stocks and bonds, over cost, . 
Total assets per comjmny's books, . 



53,000 00 
209,371 16 

. $5,066,985 24 



Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent.), . . . . $4,266,448 CO 
Deduct net value of re-insured risks, 4,536 00 



Xet re-insurance reserve, . 



. $4,261,912 00 



30 MASSACHUSETTS LIFE [Dec. 31, 

Death losses and matured endowments in process of adjust- 
ment, $6,500 00 



Liabilities as to policy holders, $4,268,412 00 

Surplus as regards policy holders, 798,573 24 

Gross liabilities, $5,066,985 24 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1887, . . $99,292 18 

Premium notes received during 1888, . . 224,138 19 

Total, $323,430 37 

Used in payment of surrendered policies and 

voided by lapse, §8,409 41 

Redeemed by maker in cash, .... 200,465 85 

Total, $208,875 26 



Balance note assets, Dec 31, 1888, f 114,555 11 



Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1887. 

Number. Amount. Total No. Total amount. 

Whole life, .... 3,695 $9,006,156 00 
Endowment, . . . 5,102 14,202,456 00 
Reversionary additions, . - 179,228 00 

8,797 $23,387,840 00 

Policies issued during the Year. 

Whole life, .... 208 $ 832,500 00 
Endowment, . . . 1,560 4,269,500 00 

1,768 5,102,000 00 



Whole life policies revived, 1 5,000 00 

Old Policies increased. 

Whole life, .... - $2,817 00 

Endowment, ... - 11,0.-59 00 



13,856 00 
Additions by dividends, 31,346 00 



Total, 10,566 $28,540,042 00 

Policies terminated during the Year. 

Whole life, . . . . 2:1(5 $622,719 00 
Endowment, ... 504 1,237,866 00 
All other, .... - 14,272 00 



740 $1,874,857 00 



L888.] 



INSURANCE COMPANIES. 



31 





Ilmr terminal d. 


By doalh 


150 


1821,059 00 


By maturity, 


88 


55,000 00 


r>\ expiry, . 


81 


76,500 00 


By surrender, 


215 


534,249 00 


By lapse, . 


162 


323,500 00 


By change and decrease, 


- 


172,549 00 


Nol taken, . 


149 


392,(300 00 



740 $1,874,857 00 



Policies in force Dec. 31, 18 88. 



Whole life,. . . . 8,668 
Endowment, . . . 6,158 
Reversionary additions, 



|9,223,754 00 

17,245,129 00 
196,302 00 



9,826 $26,665,185 00 



Schedule a. 

Securities held as Collateral for 

250 shares Wbr., Nash, and Koch. Railroad, 

United States bonds, 

Worcester, Nashua and Rochester R. R. bonds 

Fremont, Elkhorn and Mo. Val. R. R bonds, 
Oregon Short Line Railroad bonds. . 
Chicago, Kansas and Western Railroad bonds 
Chicago water bonds, .... 
113 shares Fitchbufg Railroad, 

50 " Westminster National Bank, . 
100 " Norwich and Worcester Railroad, 

12 " Boston and Albany Railroad, . 

30 " Fitchburg Railroad, 
Mass. and So. Construction Company, 
Midland Railroad bonds, .... 
Worcester, Nashua and Roch. Railroad bonds, 
Chicago, Burlington and Quincy R. R. bonds, . 



Cash Loans. 

Market value. 

1 81,500 00 

12,500 00 

11,500 00^ 
1,150 00 
1,000 00. 

28,900 00 
3,750 00 
8,475 00 
4,500 00 

17,600 00 
2,400 00 
2,250 00 

30,000 00 
2,230 00 
6,300 00 
1,800 00 



Amount loaned. 

|25,000 00 

10,000 00 

10,000 00 

25,000 00 
3,000 00 
6,000 00 
4,000 00 

16,000 00 

3,800 00 

27,000 00 

2,000 00 

5,000 00 

1,500 00 



$165,855 00 $138,300 00 



Schedule B. 
Stocks and Bonds owned by the Company. 

Cost. Market value. 

Providence and Worcester Railroad stock, . $56,393 50 $94,250 00 

Chicago and Northwestern Railroad stock, . 14,012 50 14,100 00 

Morris and Essex Railroad stock, . . . 25,450 00 28,000 00 

Chicago, Rock Island and Pacific R. R. stock, . 35,085 00 29,400 00 

Boston and Albany Railroad stock, . . . 85,351 50 100,000 00 

Old Colony Railroad stock, .... 43,874 25 51,000 00 



32 



MASSACHUSETTS LIFE 



[Dec. 31, 



Boston and Maine 1 Railroad stock, . 
Chicago, Burlington and Quincy R. R. stock, 
Illinois Central Railroad stock, 
Chicago and Alton Railroad stock, . 
Norwich and Worcester Railroad stock, . 
New York, X. Haven and Hartford R. R. stock 
New London and Northern Railroad stock, 
State Sate Deposit Company stock, . 
Central National Bank stock, Worcester, 
First National Rank stock, Boston, . 
City National Bank stock, Worcester, 
Third National Bank stock, Springfield, . 
Hide and Leather Nafl Bank stock, Boston, 
Shawmut National Bank stock, Boston, . 
Atlantic National Bank stock, Boston, 
Grafton National Bank stock, . 
Eliot National Bank stock, Boston, . 
Quinsigamond Nat'l Bank stock, Worcester, 
Howard National Bank stock, Boston, 
Leicester National Bank stock, 
Northborough National Bank stock, 
Continental National Bank stock, Boston, 
Republic National Bank stock, Boston, . 
Webster National Bank stock, Boston, 
Redemption National Bank stock, Boston, 
Tremont National Bank stock, Boston, . 
Suffolk National Bank stock, Boston, 
Worcester National Bank stock, 
Millbury National Bank stock, . 
Wachusett National Bank stock, Fitchburg, 
Revere National Bank stock, Boston, 
Adams National Bank stock, North Adams, 
United States bonds, ..... 
Worcester and Nashua Railroad bonds, . 
Fitchburg Railroad bonds, 
Boston, C, F. and N. B. Railroad bonds, . 
New York, Lack, and Western R. R. bonds, 
Chicago and Northwestern Railroad bonds, 
Michigan Central Railroad bonds, . 

O 7 

New York Central and H. R. R R. bonds, 
Chicago, Burlington and Quincy R R. bonds, 
New York and New England Railroad bonds 
Dayton and Michigan Railroad bonds, 
Chicago, Milwaukee; and St. Paul R. R. bonds 
Evansville, T! II and Chicago R. R. bonds, 
Pittsburg, Cleveland and Toledo R. R. bonds 
Chicago and Eastern Illinois Railroad bonds, 

ton, Barre and Gardner Railroad bonds, 
Strawn and Ind. State Line Railroad bonds, 



Cost. 

$45,716 25 
13,462 50 
34,183 34 
27,800 00 
42,037 75 
35,205 50 
18,000 00 
4,500' 00 
2,500 00 
5,000 00 
4,000 00 
10,000 00 
11,575 00 
6,725 00 
24,723 75 
7,900 00 
4,075 50 
10,090 00 
17,115 50 
5,525 00 
2,000 00 
10,012 50 
7,562 50 
5,275 00 
15,985 00 
13,300 00 
3,350 00 
8,589 50 
8,000 00 
2,500 00 
6,756 25 
13,122 50 
206,000 00 
61,500 00 
123,625 00 
33,000 00 
73,271 25 
99,427 50 
145,300 00 
53,400 00 
28,400 00 
10,662 50 
5,000 00 
29,750 00 
10,250 00 
21,200 00 
49,710 00 
20,000 00 
25,000 00 



Market value. 

f 43,750 00 
11,880 00 
31,320 00 
27,000 00 
43,750 00 
41,125 00 
19,500 00 
4,500 00 
3,750 00 
11,500 00 
5,200 00 
17,500 00 
13,440 00 
8,710 00 
25,350 00 
9,480 00 
5,000 00 
11,000 00 
18,370 00 
6,250 00 
2,240 00 
12,000 00 
10,500 00 
5,450 00 
15,180 00 
11,000 00 
3,100 00 
9,450 00 
10,000 00 
5,000 00 
8,710 00 
13,320 00 
237,500 00 
62,400 00 
119,100 00 
33,000 00 
79,500 00 
106,160 00 
158,300 00 
53,800 00 
28,700 00 
12,500 00 
5,250 00 
30,500 00 
10,600 00 
22,000 00 
58,500 00 
20,400 00 
26,250 00 



L888.] 



INSURANCE COMPANIES. 



33 






Central Pacific Railroad bonds, 

Burlington and Missouri River R. R. bonds, 

Cleveland, Col., Cin. and Ind. R. R. bonds, 

Baltimore and Ohio Railroad bonds, 

St. Paul, Minn, and Manitoba Railroad bonds 

Lake Erie and Western Railroad bonds, . 

Housatonic Railroad bonds, 

Long Island City and Flushing R. R. bonds, 

Atlantic Avenue Railroad bonds, 

Third Avenue Railroad bonds,. 

Chicago, Rock Island and Pacific R. R. bonds 

Terre Haute and Indianapolis R. R. bonds, 

Chicago and Western Ind. Railroad bonds, 

Portland (Me.) bonds, 

Northampton bonds, . 

Meriden (Conn.) bonds, . 

Bangor (Me.) bond-, 

Lawrence bonds, 

Newton bonds, .... 

Newburyport bonds, . 

Lowell bonds, .... 

Portsmouth (N. H.) bonds, 

Dover (X. II.) bonds, 

Worcester bonds, 

Holyoke bonds, 

Providence (R I.) bonds, 

Boston bonds, .... 

Pawtucket (R. I.) bonds, . 

Lynn bonds, .... 

Clinton bonds, .... 

Beverly bonds, .... 

St. Paul (Minn.) bonds, . 

Cincinnati (O.) bonds, 

District of Columbia bonds, 

Minneapolis (Minn ) bonds, 

St. Louis (Mo.) bonds, 

Toledo (O.) bonds, . 

Omaha (Xeb.) bonds, 

Quincy Water Company bonds, 

Minneapolis (Minn.) loan, 

Brookline loan, .... 

Grafton loan, .... 

Guilford (N. H.) loan, . 

Gardner Water Company loan, 

"Worcester, Nashua and Rochester R. R. loan, 

Indianapolis Car Manuf. Company loan, 



Cost. 

180,000 00 

18,000 00 
19,800 00 
50,000 00 
57,625 00 
51,500 00 
77,750 00 
50,000 00 
15,675 00 
53,750 00 
40,000 00 
25,000 00 
27,500 00 
19,000 00 
23,500 00 
18,140 00 
26,375 00 
75,000 00 
26,750 00 

6,300 00 
62,500 00 
19,260 00 
24,610 00 
86,600 00 
11,200 00 
25,875 00 
75,125 00 
26,750 00 
10,500 00 
41,400 00 
51,375 00 
50,500 00 

9,640 00 
13,300 00 
41,922 50 
68,450 00 
30,825 00 
30,375 00 
20,000 00 
30,000 00 
20,000 00 
10,000 00 

4,500 00 
60,000 00 
73,000 00 
24,225 00 



Market value. 

$34,800 00 
19,000 00 
23,400 00 
52,500 00 
59,800 00 
54,000 00 
79,500 00 
52,000 00 
15,600 00 
52,000 00 
41,600 00 
27,000 00 
29,250 00 
24,400 00 
26,250 00 
18,260 00 
31,000 00 
79,000 00 
30,000 00 

6,060 00 
62,600 00 
19,980 00 
25,530 00 
86,400 00 
10,200 00 
25,500 00 
78,750 00 
27,000 00 
10,500 00 
40,800 00 
52,000 00 
50,000 00 

9,360 00 
13,000 00 
41,820 00 
66,600 00 
31,200 00 
31,500 00 
20,400 00 
30,000 00 
20,000 00 
10,000 00 

4,500 00 
60,000 00 
73,000 00 
24,225 00 



$3,316,448 84 $3,525,820 00 



LIFE INSURANCE COMPANIES 

OF OTHER STATES. 



Detailed Statements of Assets and Liabilities, with Abstract of 

Annual Statements for the Year ending 

December 31, 1888. 



35 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



".ETNA LIFE INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated 1820. Commenced bnslneia 1850.] 
Paid-up Capital, $1,250,000. 

Morgan G. Bulkelet, President. Joel L. English, Secretary. 



Income. 
New premiums without deductions,. 
Renewal premiums, .... 



Total, 

Deduct amount paid for re-insurance, 

Total premium income, 
Cash received for interest, 

as discount on claim-- paid in advance, 
for rents of company's property, 



Total income, 
Net or ledger assets, Dec. 31, 1887, 



Total, 



$478,063 61 

2,926,900 55 

£3,404,964 16 

(599 43 

$3,404,264 73 

1,708,015 51 

13,297 35 

8,151 74 

$5,133,729 33 

31,234,520 72 

$36,368,250 05 



Disbursements. 

Cash paid for losses and additions, 

Premium notes or loans used in payment of same, . 
Cash paid for matured endowments and additions, . 
Premium notes or loans used in payment of same, . 

Gross amount paid for losses and endowments, 
Received for losses and claims on policies re-insured, . 

Net amount paid for losses and endowments, . 

Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered poli 

cies, and voided by lapse, 

Cash surrender values, including reconverted additions ap 

plied in payment of premiums, 

Cash dividends paid policy holders applied in payment of 

premiums, 

Premium notes or loans used in payment of dividends, . 



Total paid policy holders, . 



$1,457357 23 

52,127 48 

759,793 96 

18,367 63 

$2,288,146 30 
148 00 

$2,287,998 30 
95,429 54 

29,836 20 

176,301 96 

498,249 90 
93,303 39 

$3,181,119 29 



37 



38 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for dividends to stockholders, .... 
for commissions to agents, .... 

for salaries and travelling expenses of agents, 
for medical examiner's^ fees, .... 
for salaries of officers and office employees, . 

for taxes and fees, 

for rent, 

for furniture and office fixtures, 

for advertising, 

for incidentals, 

Total disbursements, 



Balance, 



$125,000 00 

401,884 69 

64,993 18 

26,058 00 

72,701 33 

90,980 15 

14,065 52 

907 37 

9,373 41 

56,969 52 

$4,044,052 46 

$32,324,197 59 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens) , 
on collateral security (schedule A), 
on company's policies assigned as collateral, 

Premium notes or loans on policies in force, . 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Bills receivable, 

Agents' ledger balances, 

Ledger assets (as per balance) , 



$582,504 70 

15,723,590 77 

540,768 31 

408,189 62 

1,339,788 47 

9,986,406 91 

56,826 83 

3,680,'774 83 

2,901 23 

2,445 92 

,324,197 59 



Other Assets. 
Interest due and accrued, .... 

Market value of stocks and bonds, over cost, 

Uncollected premiums on policies in force, 

Deferred premiums on policies in force, . 

Total, 

Deduct loading, 

Net am't of uncollected and deferred prem's, 

Total assets per company's books, . 



$93,891 37 
189,947 85 

$283,839 22 
70,678 00 



531,606 94 
679,391 22 



213,161 22 



$33,748,356 97 



Items not Admitted. 



Agents' balances, .... 

Bills receivable, .... 

Total, 

Total assets, .... 
Deducl special deposits in other State-. 

Balance, 



>2,445 92 
2,901 23 



5,347 15 



$33,743,009 82 
126,000 00 

$33,617,009 82 



1888.] 



OF OTHER STATES. 



39 



Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent.), 
Deduct net value of re-insured risks, .... 



Net re-insurance reserve, .... 

Death losses due ami unpaid, .... 

Matured endowments due and unpaid, 

Death losses and matured endowments in 

process of adjustment, 

Claims resisted by the company, 

Total policy claims, 

Unpaid dividends of surplus due policy holders, 
Premiums paid in advance, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$27,587,585 00 
50,922 00 

127,536,668 00 



$41,313 00 
40,648 00 

1 13,568 00 
20,500 00 



252,029 00 

150,764 88 
6,221 95 

127,945,678 83 

126,000 00 



$27,819,678 83 



Surplus as regards special policy holder-. 
Surplus as regards general policy holders, 

Gross surplus, 

Paid-up capital, 

Surplus over capital, .... 

Gross liabilities, .... 



Premium Note Account. 



$640,319 62 
5,157,011 37 

•5,797,830 99 



1,250,000 00 
1.5 17,330 99 



,617,009 82 



Premium notes on hand, Dec. 81, 1887, . 
Premium notes received during 1888, 

Total 

Used in payment of losses and claims, 

Used in payment of surrendered policies and 

voided by lapse. 

Used in payment of dividends to policyholders 
Redeemed by maker in cash, . 

Total, 



Balance note assets, Dec. 31, 1888, 



$1,481,434 14 
60,155 47 

$70,495 11 

29,836 20 

93,303 39 

8,166 44 



,541,589 61 



201,801 14 



. $1,339,788 47 



Whole life. . 
Endowment, 
All other, . 



Whole life, . 
Endowment, 
All other, . 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1887. 

Number. Amount. Total No. Total amount. 

. 36,452 $51,155,041 00 

. 22,481 30,879,580 00 

. 6,552 15,337,713 00 
65,485 $97,372,334 00 

Policies issued during the Year. 
. 1,358 $2,573,050 00 
. 4,129 7,521,637 00 
. 2,596 5,999,900 00 
8,083 16,094,587 00 



40 



LIFE INSURANCE COMPANIES [Dec. 31, 



Whole life,. 
Endowment, 

All other, . 

Total, . 



Old Policies revived and increased. 

Number. Amount. Total No. 

8 $31,725 00 

6 29,841 00 

38 77,400 00 
47 



Total amount. 



$138,966 00 



. 73,615 $113,605,887 00 



Policies terminated during the Year. 

Whole life,. . . . 1,422 $2,849,977 00 
Endowment, . . . 2,740 3,983,202 00 
All other, .... 1,704 3,868,405 00 





5,866 


110,701,584 00 




How terminated. 


By death, . 


955 


$1,604,814 00 


By maturity, 


882 


769,687 00 


By expiry, . 


233 


436,400 00 


By surrender, 


862 


1,495,118 00 


By lapse, . 


. 1,514 


3,573,507 00 


By change and decrease, 


27 


90,114 00 


Not taken, . 


. 1,393 


2,731,944 00 



5,866 10,701,584 00 



Whole life, . 
Endowment, 
All other, . 



Policies in force Dec. 31, 18SS. 
. 36,391 $50,909,839 00 
. 23,876 34,447,856 00 
. 7,482 17,546,608 00 
67,749 $102,904,303 00 



Schedule A. 

Securities held as Collateral. 



Keithsburg Township bonds, . 
City of Beardstown bonds, 

25 shares Hartford Carpet Company, . 
100 " Hartford City Coal and Salt Co., 

13 " United States Hank, 

44 " JEtna Fire Insurance Company, 

80 " 2Erna Fire Insurance Company, 
300 " Willimantic Linen Company, 
400 " Willimantic Linen Company, 

50 " Hartford Carpet Company, . 

25 " JEtna Fire Insurance Company, 

40 " JEtna Fire Insurance Company, 
150 " United Slates Hank, 



Market value. 

$2,000 00 
1,500 00 
4,125 00^ 
10,000 00 
3,250 00 
10,780 00 
19,600 00 
13,500 00 J 
18,000 00' 
8,250 00 
6,125 00 \ 
9,800 00 I 
37,500 00 J 



Amount loaned. 



$2,680 00 



} 42,700 00 



58,863 81 



1888.] 



OF OTHER STATES. 



41 



Market value. Amount loaned. 



100 shares .Etna Fire Insurance Company, 
68 " 2Etna Fire Insurance Company, 
.•'it " Hartford Carpet Company, . 

;» I " .Etna Fire Insurance Company, 
60 M United states Bank, 
lit " Orient Fire Insurance Company, 
63 " iEtna Fire Insurance Company, 
49 " .Etna Fire Insurance Company, 

101 " /Etna Fire [nsurance Company, 
1800 " Wheeler & Wilson Mfg. Company 

281 " Willimantic Linen Company, 

Assignment <>t' mortgage, 
233 shares Willimantic Linen Company, 
200 " Southern New England Tel. Co., 
16 " JEtna Fire Insurance Company, 
200 " Stanley Rule and Level Company 
195 " Willimantic linen Company, 
140 " Willimantic Linen Company, 
100 " Plympton Manufacturing Co., 

Assignmenl of mortgages, 

•j.'i shares .Etna Fire Insurance Company, 

Connecticut Western R. R. bonds, . 

42 shares Merrick Thread Company, . 

12") " Hartford Fire Insurance ( 'ompany, 

52 " .Etna Fire Insurance Company, . 



Schedule B. 

Stocks and Bonds owned by the 



235 shares Conn River Banking Company, 

75 " Metropolitan Bank, New York, 

918 " Phoenix National Bank, Hartford, 

400 " Mercantile Nat. Bank Hartford, 

448 " City National Bank, Hartford, 

750 " Hartford Nat. Bank, Hartford, 

739 " First National Bank, Hartford, 

1552 " Nat. Exchange Bank, Hartford, 

1608 " American Nat. Bank, Hartford, 

377 " Far. & Median. Nat. Bank, Hart. 

66 " Suffield National Bank, Suffield, 

250 " New Britain Nat. Bank, N. B , 

836 " Charter Oak National Bank, Hart. 

700 " .Etna National Bank, Hartford, 

240 " Hartford Trust Company, Hart., 

50 " United States Bank, Hartford, 

200 " Rockville National Bank, Rock., 

100 " Security Company, Hartford, 



$21,500 00 "I 
15,435 00 ! 

1,950 00 [ 
18,230 00 J 
12,500 00 
900 00 
15,435 00 
12,005 00 
24,745 00 J 
82,500 00 
12,645 00 

6,000 00 
10,485 00 
15,000 00 

3,920 00 
12,000 00 ) 

8,775 00 }> 

6,300 00 J 
15,000 00 

2,600 00 

6,125 00 
300,000 00 
12,600 00 
34,375 00 £ 
12,740 00 S 



$41,400 00 

4,000 00 
25,000 00 

15,125 00 

10,000 00 

10,000 00 

2,500 00 

23,000 00 

5,000 00 
2,500 00 
5,000 00 
230,000 00 
9,000 00 

24,500 00 



■■=759,195 00 $540,768 31 



Company. 

Cost. 

*20,365 00 
6,187 50 

124,285 50 
42,885 25 
60,900 75 

107,720 25 
92,060 66 
93,729 80 
93,576 87 
83,664 25 
8,375 00 
28,450 00 
97,572 25 
79,969 46 
25,065 00 
5,262 50 
20,000 00 
10,000 00 



Market value. 

f 11,280 00 

750 00 

110,160 00 
38,000 00 
42,560 00 

118,500 00 
73,900 00 
93,120 00 

104,520 00 

39,585 00 

9,900 00 

, 35,000 00 
87,780 00 
74,900 00 
30,000 00 
12,500 00 
24,000 00 
13,000 00 



42 



LIFE INSURANCE COMPANIES [Dec. 31, 



United States bonds 

shares Connecticut River Railroad, 
84 " 2Etna Fire Insurance, 

980 " N. Y., X. II. & Hartford Railroad, 

Columbia St Indianapolis Railroad bonds, 

Cincinnati & Indiana Railroad bonds, 

Cleveland, Painesville & Ashta R. R. bonds, 

St. Jbhnsbury & Lake Champlain R. R. bonds 

Union Pacific Railroad bonds, . 

Keokuk & Des Moines R. R. bonds, . 

121 shares Keokuk & Des Moines R. R. stock, 

Cleveland & Pittsburg Railroad bonds, . 

Atlantic Dock bonds, .... 

Chicago, Milwaukee & St. Paul R. R. bonds, 

Vermont Valley Railroad bonds, 

1 10 shares Chicago, Burlington & Quincy R. R 

200 " N. Y. Central & Hudson River R. R 

200 " Union Pacific Railroad, . 

Terre Haute & Logansport R. R. bonds, . 

Province of Manitoba bonds, 

South Carolina State bonds, 

Virginia State bonds, 

Tennessee State bonds, 

Connecticut State bonds, . 

Mississippi State bonds, . 

Richmond city bonds, 

Mobile city bonds, 

Hartford non-taxable city bonds, 

Hartford capitol city bonds, 

Hartford funded city bonds, 

Louisville city bonds, 

Kansas City bonds, . 

New Britain city bonds, . 

Chicago Water Loan city bonds, 

Peoria city bonds, 

Council Bluffs city bonds, 

Plattsmouth (Neb.) city bonds 

London (Ont.) city bonds, 

Beardstown city bonds, 

New Boston city bonds, . 

Jersey City city bonds, 

Ottawa city bonds, . 

Newark city bonds, . 

Indianapolis city bonds, . 

Quincy city bonds, . 

Milwaukee water city bonds, 

( !incinnati city bonds, 

Hartford water city bonds, 

St. Paul city bonds, . 



Cost. 

$975,875 00 
39,372 25 
19,236 68 

144,569 75 
45,000 00 
20,675 00 
13,671 25 

105,000 00 
30,690 00 



747 50 

25,000 00 

25,000 00 

150,750 00 

12,687 50 

25,000 00 

18,625 00 

100,000 00 

149,893 34 

29,410 00 

23,357 94 

25,100 00 

500,000 00 

10,000 00 

20,500 00 

140,500 00 

68,950 00 

87,740 00 

163,620 00 

89,750 00 

90,500 00 

130,689 00 

50,000 00 

9,200 00 

17,000 00 

23,000 00 

75,000 00 

2,980 00 

4,750 00 

122,900 00 

133,000 00 

172,015 00 

487,570 00 

18,864 00 

72,500 00 

li)(),000 00 

l.(HK) 00 

52,350 00 



Market value. 

.,103,900 00 
71,760 00 
20,580 00 

235,200 00 
51,500 00 
24,720 00 
15,400 00 

105,000 00 
33,750 00 



22,033 20 16,590 00 



1,000 00 

27,000 00 

27,500 00 

157,500 00 

11,990 00 

21,600 00 

12,800 00 

110,000 00 

164,010 00 

39,369 75 

19,000 00 

18,825 00 

512,500 00 

10,000 00 

26,250 00 

115,210 00 

82,800 00 

105,600 00 

189,200 00 

112,000 00 

115,000 00 

149,500 00 

55,000 00 

15,750 00 

17,000 00 

23,000 00 

76,125 00 

5,000 00 

8,000 00 

136,500 00 

144,305 00 

200,100 00 

550,000 00 

26.300 00 

78,750 00 

130,000 (30 

1.000 00 

66,000 00 



ia.] 



i)V OTHER STATES. 



43 



St. Paul (Neb.) city bonds, 
Webster city bonds, . 
Hull city bonds. 
Girard city bonds, 
Oxford city bonds, . 

Lincoln city bonds, . 
Olathe City city bonds, 
Emporia city bonds, 
Wymore city bonds, 
Audubon city bonds, 
Virginia City city bonds, 
Ness ( ity city bonds, 
Russell city bonds, . 
Montreal Harbor city bonds, 
Lincoln city bonds, . 
Quebec city bonds, . 
Stratford city bonds, . 
Toronto city bonds, . 
Winfield city bonds. . 
Dighton city bonds, . 
Kcndallvillc city bonds, 
Wichita city bonds, . 

Quebec government bonds 

Hartford City Salt Company bonds 

Cimarron city bonds, 

David city bond-, 

Ellsworth city bond-, 

Superior city bonds, 

Seneca city bonds, 

Pratt city bonds, 

Burrton city bonds, . 

Lyons city bonds, 

Canton city bonds, 

Norton city bonds, 

Kingman city bonds, 

South Hutchinson city bonds, 

Conway Springs city bonds, 

Douglass city bonds, 

Coolidge city bonds, . 

Johnson city bonds, . 

En ode worth city bonds, 

Seward city bonds, . 

Governor's Foot Guard bonds 

City of Alma bonds, . 

City of Orleans bonds, 

City of Hastings bonds, . 

Warren County bonds, 

Blackford County bonds, . 

Carroll County bonds, 



Cost. 

$20,000 00 
37,950 00 
40,000 00 

5,000 00 
9,800 00 
29,500 00. 
12,000 00 
20,500 00 
.".,000 00 
5,600 00 
6,500 00 
11,875 00 
5,000 00 
60,000 00 
11,880 00 
40,000 00 
21,000 00 
100,667 00 
10,000 00 
6,000 00 
13,000 00 
16,000 00 
207,500 00 
15,000 00 
10,000 00 
6,300 00 
37,260 00 
13,000 00 
9,500 00 
12,900 00 
12,880 00 
32,200 00 
6,405 00 
11,400 00 
10,000 00 
3,500 00 
13,000 00 
11,000 00 
10,000 00 
7,350 00 
4,200 00 
13,500 00 
10,000 00 
8,122 50 
8,500 00 
54,000 00 
930 00 
4,000 00 
9^000 00 



Market value. 

$20,000 00 

37,950 00 
41,200 00 
5,000 00 
10,000 00 
30,975 00 
12,000 00 
20,500 00 
5,000 00 
5,600 00 
6",500 00 
12,500 00 
5,000 00 
64,800 00 
12,000 00 
41,350 00 
22,680 00 
102,200 00 
10,000 00 
6,000 00 
13,000 00 
50,000 00 
232,400 00 
15,000 00 
10,000 00 
6,440 00 
37,665 00 
13,000 00 
9,500 00 
13,500 00 
13,020 00 
32,550 00 
6,510 00 
11,400 00 
10,000 00 
3,500 00 
13,000 00 
11,000 00 
10,000 00 
7,350 00 
4,200 00 
13,800 00 
10,000 00 
8,100 00 
8,500 00 
57,000 00 
1,000 00 
4,200 00 
9,450 00 



44 



LIFE INSURANCE COMPANIES [Dec. 31, 



Monroe County bonds, 

Ford County bonds, . 

Adams ( Sounty bonds, 

Christian County bonds, 

Sangamon County bonds, 

Macoupin County bonds, 

Mason and Tazewell County bonds, 

Mason and Tazewell County bonds, 

Sangamon County bonds, . 

Gallatin County bonds, 

Hudson (N. J.) County bonds, 

Ramsey County bonds, 

Tazewell County bonds, . 

Edward County bonds, 

Johnson County bonds, 

Warren County bonds, 

Moultrie County bonds, . 

Ellsworth County bonds, . 

Lyon County bonds, . 

Monroe County bonds, 

Pawnee County bonds, 

Cerro Gordo County bonds, 

Harper County bonds, 

Clay County bonds, . 

Stafford County bonds, 

Washington County bonds, 

St. Clair County bonds, 

Benton County bonds, 

St. Clair drainage bonds, . 

Hunt drainage district bonds, 

Drainage District No. 3 bonds, 

Union drainage district bonds, 

Reno County bonds, . 

Seward County bonds, 

Clay County bonds, . 

Jackson County Bridge bonds, 

Paris town bonds, 

Hartford town bonds, 

Georgetown town bonds, . 

Mt. Pulaski town bonds, . 

Grant town bonds, . 

Urbana town bonds, . 

Penn town bonds, 

Moline, town bonds, . 

Rock Island town bonds, . 

Lennox town bonds, . 

Mattoon town bonds, 

Jackson town bonds, 

Kirklin town bonds, . 



Cost. 

$35,000 00 
48,500 00 
37,937 50 
30,250 00 
24,250 00 
78,800 00 
27,000 00 
25,000 00 
46,000 00 
10,400 00 
49,843 75 
32,000 00 
50,000 00 
20.000 00 
85,000 00 

3,800 00 
60,000 00 
26,000 00 
35,000 00 

4,000 00 
25,000 00 
10,000 00 
11,500 00 
15,000 00 

5,000 00 
34,000 00 
10,000 00 
18,000 00 
39,000 00 
24,250 00 

3,380 00 
15,300 00 
20,500 00 
39,000 00 
24,125 00 

7,000 00 
21,000 00 
14,710 00 
12,000 00 
14,000 00 
30,000 00 

3,500 00 
12,525 00 

5,000 00 

5,000 00 

3,500 00 
20,250 00 

9,900 00 

2,000 00 



Market value. 

$42,000 00 
52,500 00 
54,000 00 
31,000 00 
27,000 00 
82,740 00 
28,350 00 
26,250 00 
52,500 00 
13,000 00 
52,500 00 
35,200 00 
52,500 00 
21,000 00 
89,250 00 

3,800 00 
60,000 00 
27,300 00 
29,750 00 

4,000 00 
25,000 00 
10,000 00 
12,075 00 
15,000 00 

5,250 00 
35,700 00 
10,000 00 
18,000 00 
39,000 00 
25,000 00 

3,380 00 
15,450 00 
21,525 00 
39,000 00 
25,000 00 

7,000 00 
21,000 00 
15,750 00 
12,600 00 
14,700 00 
31,500 00 

3,500 00 
13,000 00 

5,000 00 

5,000 00 

3,500 00 
27,000 00 
10,000 00 

2,000 00 



L888.] 



OF OTIIKU STATES. 



45 



Coaticook town bonds, 
Breckenridge town bonds, 
Galva town bonds, 

Lake Fork town bonds, 
Keithsburgh town bond-. . 
ROSS town bonds, 

Easl Windsor town bonds, 

Levis town bonds, 
Stewart town bonds, . 
Highland town bond-. 
New man & Fulleiton, 
Rock Creek town bond-. . 
Spragne town bonds, 
Province of Quebec town bond 

Bloomfielt] town bonds, . 
Dodge town bonds, . 

Champaign town bonds, . 

Mt. Forest town bonds, 
Sangamon town bonds, 
Pleasant town bond-, 
Hagar Slough town bonds. 
Boone town bonds, . 
('reek town bonds, . 
North Baltimore town bonds, 
Angus town bonds, . 
Reeder town bonds, . 
Jefferson town bonds, 
Humeston town bonds, 
Great Bend town bonds, . 
Abington town bonds, 
Harlan town bonds, . 
Edge wood Village town bonds 
Tnseola town bonds, . 
Butler town bonds, . 
Emmetsbnrg town bonds, 
Allerton town bonds, 
Oldwater town bonds, 
Laraard town bonds, . 
"Wild Cat town bonds, 
Hubbard town bonds, 
Fond du Lac town bonds, 
Sabula town bonds, . 
Lennox town bonds, . 
Lewistown town bonds, . 
Creek town bonds, . 
Neodesha town bonds, 
Baxter Springs town bonds, 
Monroe Township town bonds, 
Morton Township town bonds, 



Cost. 

f21,000 00 

5,000 00 

14,700 00 

12,593 73 

28,000 00 

27,360 00 

9,700 00 

30,500 00 

3,000 00 

10,000 00 

7,<>U0 00 

2s,710 00 

40,133 33 

168,187 50 

40,824 00 

3,000 00 

55,000 00 

20,000 00 

11,000 00 

86,850 00 

7,000 00 

13,000 00 

22,000 00 

10,000 00 

5,000 00 

15,840 00 

6,000 00 

3,500 00 

6,000 00 

2,000 00 

6,600 00 

4,000 00 

10,000 00 

17,000 00 

4,000 00 

4,000 00 

10,000 00 

9,000 00 

3,000 00 

3,000 00 

55,000 00 

7,000 00 

8,400 00 

45,000 00 

18,000 00 

12,000 00 

10,500 00 

38,610 00 

8,550 00 



Market value. 

$21,000 00 

5,000 00 

15,000 00 

12,593 73 

23,000 00 

27,360 00 

10,000 00 

36,500 00 

3,000 00 

10,000 00 

7,000 00 

29,000 00 

42,000 00 

168,300 00 

40,000 00 

3,000 00 

57,750 00 

20,600 00 

11,000 00 

35,000 00 

7,000 00 

13,000 00 

22,000 00 

10,000 00 

5,000 00 

16,000 00 

6,000 00 

3,500 00 

6,000 00 

2,000 00 

6,600 00 

4,000 00 

10,000 00 

17,000 00 

4,000 00 

4,000 00 

10,000 00 

9,000 00 

3,000 00 

3,000 00 

57,750 00 

7,000 00 

10,000 00 

47,250 00 

18,540 00 

12,000 00 

10,500 00 

39,000 00 

9,000 00 



46 



LIFE INSURANCE COMPANIES [Dec. 31, 



Henderson town bonds, 
Lockridge town bonds, 

Stranger town bonds, 
Washington town bonds, . 
Washington town bond-. . 
Rolling Prairie town bonds, 
Cicero town bond, 
Hayes town bonds, . 
McFadden town bonds, 
Leroy town bonds, . 
Tonganoxie town bonds, . 
Eagle Township town bonds, 
Valley Center Township town bonds, 
Richland Township town bonds, 
Little River Township town bonds, 
Victoria Township town bonds, 
Liberty Township town bonds, 
Burton Township town bonds, . 
Green Garden Township town bonds, 
Phillipsburg Township town bonds, 
Plum Township town bonds, . 
Center Township town bonds, . 
Jefferson Township town bonds, 
Lake Township town bonds, 
Richland Township town bonds, 
Lincoln Township town bonds, 
Elk Creek Township town bonds, 
Limestone Township town bonds, 
Ezbon Township town bonds, . 
Groveland Township town bonds, 
Banner Township town bonds, . 
Hamson Township town bonds, 
Valparaiso Township town bonds, 
Haynesville Township town bonds, 
Turkey Creek Township town bonds, 
May Township town bonds, 
Pleasant Valley Township town bonds, 
Antelope Township town bonds, 
Little Blue Township town bonds, 
Alma Township town bonds, . 
Township G Township town bonds, 
Franklin Township town bonds, 
Township M Township town bonds, 
Township L Township town bonds, 
Township B Township town bonds, 
Brown Township town bonds, . 
New York Township town bonds, . 
Baker Township town bonds, . 
Henderson Township town bonds, . 



Cost. 

|4,760 00 

7, GOO 00 
9,600 00 
14,400 00 
31,300 00 
18,000 00 
2,500 00 
17,575 00 
9,500 00 
7,600 00 
19,200 00 
13,800 00 
9,200 00 
12,040 00 
21,160 00 
20,240 00 
7,600 00 
23,920 00 
13,800 00 
9,150 00 
12,900 00 
20,300 00 
7,600 00 
17,480 00 
12,352 50 
13,800 00 
7,600 00 
13,725 00 
8,600 00 
13,760 00 
13,760 00 
18,000 00 
5,500 00 
17,100 00 
2,707 50 
4,061 25 
3,900 00 
4,512 50 
2,707 50 
5,866 25 
9,000 00 
6,300 00 
9,000 00 
4,500 00 
9,000 00 
5,400 00 
9,000 00 
9,000 00 
4,500 00 



Market value. 

$5,000 00 
8,000 00 
9,600 00 
14,400 00 
32,100 00 
18,000 00 
2,500 00 
18,050 00 
9,500 00 
7,600 00 
19,200 00 
14,250 00 
9,500 00 
12,040 00 
21,390 00 
20,460 00 
7,440 00 
24,180 00 
13,950 00 
9,300 00 
13,500 00 
20,700 00 
7,600 00 
17,670 00 
12,555 00 
13,950 00 
7,440 00 
13,950 00 
9,000 00 
14,400 00 
14,400 00 
18,000 00 
5,500 00 
17,480 00 
2,760 00 
4,140 00 
3,900 00 
4,600 00 
2,760 00 
5,980 00 
9,200 00 
6,440 00 
9,200 00 
4,600 00 
9,200 00 
5,520 00 
9,200 00 
9,200 00 
4,600 00 



L888.] 



OF OTHER STATES. 



47 



Thayer Township town bonds,. 
Stewart Township town bonds, 
Union Township town bonds, . 
Bone Creek Township town bonds, 
Bead Township town bonds, 
Olive Township town bonds, . 
Oak Creek Town-hip town bonds, 
Strombuxg Village town bonds, 
Village of Ord town bonds, 

Bowen Precinct town bonds, 
Victor Precinct town bonds, 
Fairmouth Precinct town bonds, 
Lincoln Precinct town bonds, . 
Centre Precinct town bonds, 
Twin Grove Precinct town bonds, 
Madison Precinct town bonds, . 
Harvard precinct town bond-, . 
Geneva precinct town bonds, . 

Exeter pivcinct town bonds, 

Ainsworth precinct town bonds, 

Coolidge Bridge town bonds, . 

School District No. 5 bonds, 

School District Xo. 18 bonds, . 

School District Xo. 9 bonds, 

School District \o. 6 bonds, 

School District No. 6 bonds (Kansas), 

School District Xo. (3 bonds (Illinois), 

School District Xo. 2 bonds, 

School District No. 19 bonds, . 

School District Xo. 6 bonds (Gove Co., 

Marcos School District School bonds, 

Creston School bonds, 

Spring Creek School bonds, 

Cedar Rapids School bonds, 

Milton School bonds, 

Ida Grove School bonds, . 

Glad Brook School bonds, 

Centreville School bonds, . 

Hampton School bonds, . 

South Bend School bonds, 

Defiance School bonds, 

Batavia School bonds, 

Sidell School bonds, . 

Alta School bonds, . 

Portland School bonds, 

Odebolt School bonds, 

Spencer School bonds, 

South English School bonds, 

Camargo School bonds, . 



Kan.) 



Cost. 

|4,600 00 

9,000 00 

5,400 00 

9,000 00 

9,000 00 

5,400 00 

5,400 00 

12,000 00 

4,000 00 

10,000 00 

15,000 00 

27,075 00 

6,300 00 

6,800 00 

9,000 00 

4,500 00 

22,500 00 

18,500 00 

18,000 00 

10,550 00 

8,400 00 

820 00 

6,000 00 

10,000 00 

10,400 00 

1,500 00 

1,500 00 

4,900 00 

10,000 00 

5,000 00 

3,000 00 

19,000 00 

5,000 00 

147,000 00 

1,000 00 

17,000 00 

2,500 00 

18,000 00 

7,500 00 

1,000 00 

3,743 00 

10,000 00 

2,700 00 

5,200 00 

9,000 00 

3,250 00 

4,000 00 

2,000 00 

5,000 00 



Market value. 

f 4,600 00 

9,200 00 

5,520 00 

9,200 00 

9,200 00 

5,520 00 

5,520 00 

12,000 00 

4,000 00 

10,000 00 

15,000 00 

27,600 00 

6,440 00 

6,440 00 

9,200 00 

4,600 00 

23,000 00 

18,800 00 

18,400 00 

10,600 00 

*,400 00 

800 00 

6,000 00 

10,000 00 

10,000 00 

1,500 00 

1,500 00 

4,900 00 

10,000 00 

5,000 00 

3,000 00 

19,950 00 

5,000 00 

147,000 00 

1,000 00 

17,000 00 

2,500 00 

18,000 00 

7,500 00 

1,000 00 

3,800 00 

10,000 00 

2,700 00 

5,200 00 

9,000 00 

3,250 00 

4,000 00 

2,000 00 

5,000 00 



l.N 



LIFE INSURANCE COMPANIES [Dec. 31, 



Van Home School bonds, . 

liarwin School bonds, 

Oxford Junction School bonds, 

Snow Hill School bonds, . 

Goldfield School bonds, 

Chariton School bonds, 

Sibley School bonds, 

Clearfield School bonds, . 

School District No. 37 School bonds (Neb.), 

School Districts Nos. 4 and 77 School bonds, 

Dunlap School bonds, 

Irnogene School bonds, 

School District No. 10 School bonds, 

Marshall town School bonds, 

Lincville School bonds, 

Vermillion School bonds, . 

Panora School bonds, 

Saline County School bonds, 

School District No. 42 School bonds, 

Lebanon School bonds, 



Cost. 

$2,500 00 
800 00 
5,000 00 
4,200 00 
1,000 00 
7,000 00 
2,000 00 
2,200 00 
9,000 00 
4,000 00 
8,000 00 
2,000 00 
2,000 00 

15,000 00 
4,000 00 
5,000 00 
7,000 00 
1,859 65 
5,000 00 

19,000 00 



Market value. 

$2,500 00 
800 00 
5,000 00 
4,200 00 
1,000 00 
7,000 00 
2,000 00 
2,200 00 
9,000 00 
4,000 00 
8,000 00 
2,000 00 
2,000 00 

15,000 00 
4,000 00 
5,000 00 
7,000 00 
1,859 65 
5,000 00 

19,000 00 



1,986,406 91 §10,005,798 13 



"CONNECTICUT GENERAL LIFE INSURANCE COMPANY," 

HARTFORD, CONN. 

[Incorporated June, 1865. Commenced business October, 1865.] 
Paid-up Capital, $150,000. 

Thomas W. Russell, President. Frederick V. Hudson, Secretary. 



Income. 
New premiums without deductions, . 
Renewal premiums, .... 



Total, 

Deduct amount paid for re-insurance, 

Total premium income, 
Cash received for interest, 

as discount and rents, 

for profits on bonds or stocks sold, 



Total income, .... 
Net or ledger assets, Dec. 31, 1887, . 



Total, 



Disbursements. 

( lash paid for losses, 

Cash paid lor matured endowments, 

Groi - amount paid for losses and endowments, 



$38,509 66 
183,981 10 

$222,490 76 
2,981 70 

$219,509 06 

90,414 11 

4,198 25 

470 65 



$314,592 07 
1,641,542 13 

$1,956,134 20 



$77,870 00 
20,436 80 

$98,306 80 



1888.] 



OF OTIIKR STATES. 



49 



Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered poll 

Cies, and voided by lapse, 

Cash surrender values, applied in payment of premiums, 
Cash dividends paid policy holders, $3,326.43 ; applied in pay 

ment of premiums, f 3,468.67, .... 
Premium notes or loans used in payment of dividends, 

Total paid policy holders, 

Cash paid for dividends to stockholder-. . 
for commissions to agents, 
for salaries, and travelling expenses of agents 
for medical examiner*- fees, . 
for salaries of officers and office employees, 

for taxes and t'e »8, 

for legal expenses, 

for incidentals, 

Total disbursements, 

Balance, \ . . 



$7,122 39 

425 31 
6,016 58 

6,795 10 
1,101 25 



f 119,767 


43 


12,000 


00 


8,026 


29 


29,010 


25 


:;.258 00 


14,378 


64 


4,648 


67 


279 


25 


7,204 92 


f 198,573 


45 



,757,560 75 



Invested in the following: — 

Assets as pek Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens) , 
on collateral security (schedule A), 
on company's policies assigned as collateral 

Premium notes or loans on policies in force, . 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, . 

Cash deposited in bank, . 

Bills receivable, .... 

Agents' ledger balances, . 

Ledger assets (as per balance), 
Deduct depreciation from cost of assets, 

Total net or ledger assets, . 



8175,833 01 

1,172,990 80 

19,200 00 

14,972 52 

70,756 23 

272,383 33 

11,373 23 

17,637 18 

1,254 86 

1,159 59 

$ 1,757,560 75 

18,287 59 

§1,739,273 16 



Other Assets. 
Interest due and accrued, .... 

Market value of stocks and bonds, over cost, 

Uncollected premiums on policies in force, 

Deferred premiums on policies in force, . 

Total, 

Deduct loading (20 per cent.), 

Net am't of uncollected and deferred preni's, 

Total assets per company's books, . 



,122 42 
34,427 94 

f44,550 36 
8,910 07 



31,653 55 
16,842 17 



35,640 29 
.,823,409 17 



50 LIFE INSURANCE COMPANIES [Dec. 31, 

Items not Admitted. 

Agents 1 balances, $1,159 59 

Bills receivable, 1,254 86 

Total $2,414 45 



Total admitted assets, $1,820,994 72 

Liabilities. 

Computed premium reserve or net present value of all out- 

standing policies (actuaries' 4 per cent.), . . . .$1,349,675 00 
Deduct net value of re-insured risks, 18,939 00 



Net re-insurance reserve, $1,330,736 00 

Matured endowments due and unpaid, . . $10,416 92 
Death losses in process of adjustment, . . 13,769 00 

Total policy claims, 24,185 92 

Unpaid dividends of surplus due policy holders, . . . 310 96 

Premiums paid in advance, 701 48 



Liabilities as to policy holders, $1,355,934 36 

Surplus as regards special policy holders, . $209,969 72 
Surplus as regards general policy holders, . 255,090 64 

Gross surplus, $465,060 36 

Paid-up capital, 150,000 00 

Surplus over capital, 315,060 36 



Gross liabilities, $1,820,994 72 

Premium Note Account. 

Premium notes on hand, Dec. 31, 1887, . . f 74,561 40 

Premium notes received during 1888, . . 5,380 19 

Total, $79,941 59 

Used in payment of losses and claims, . . $425 31 
Used in payment of surrendered policies and 

voided by lapse, 1,101 25 

Used in payment of dividends to policy holders, 7,658 80 

Total, 9,185 36 



Balance note assets, Dec. 31, 1888, $70,756 23 

Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1887. 

Number. Amount. Total No. Total amount. 

Whole life, . . . . 3,447 $5,044,041 00 
Endowment. . . . 1,832 2,116,128 00 
All other, .... 46 131,609 00 

5,325 $7,291,778 00 



1888.] 



OF OTIIKK STATES. 



51 



Whole life,. 
Endowment, 
All other, . 



Policies issued during the Year. 

Number. Amount. Total No. 

266 |856,1 17 00 

843 !»s 1,021 00 

3 15,000 00 













Old Policies revived. 


Whole life,. 


. 


5 


$7,000 00 


Endowment, 


Old Po 


1 


1,"00 00 




licies cli initial and increased. 


Whole life,. 


. 


8 


$9,500 00 


Endowment, 




1 


8,815 00 

9 










. 6,452 




Policies terminated during the Year. 


Whole life,. 





273 


$383,842 00 


Endowment, 


, 


17'.) 


576,179 00 


All other, . 


' 


10 


35,500 00 




7(12 


$995,521 00 






How terminated. 


By death, . 




49 


$77,741 00 


By maturity, 




49 


71,382 00 


By expiry, . 




3 


12,000 00 


By surrender, 




Co 


85,592 00 


By lapse, . 




327 


376,545 00 


By change and d 


ecrease, 


9 


52,761 00 


Not taken, . 


• 


260 


319,500 00 



Total amount. 



§1,352,168 00 



8,000 00 



13,315 00 



6,452 $8,665,261 00 



995,521 00 



Whole life, . 
Endowment, 
All other, . 



Policies in force Dec. 31, 1888. 
. 3,453 $5,032,846 00 
. 2,198 2,525,785 00 
39 111,109 00 



,5,690 $7,669,740 00 



Schedule A. 
Securities held as Collateral for Cash Loans. 

Market value. 

12 shares Hartford Carpet Company, . . $1,920 00 

45 " Orient Insurance Company, . . 3,825 00 

68 " Phoenix Insurance Company, . . 12,580 00 

6 " American National Bank, . . 375 00 

Real estate mortgages assigned, . . . 11,000 00 



Amount loaned. 

$1,200 00 

2,075 00 

9,000 00 

225 00 

6,700 00 



$29,700 00 $19,200 00 



52 



LIFE INSURANCE COMPANIES [Dec. 31, 



Schedule B. 

Stocks and Bonds owned by the 



Washington (Ind.) city bonds, . 
Evansyille (Ind.) city bonds, . 
Indianapolis (Ind.) city bonds, 
Huron (Dak.) city bonds, 
Lyon County (Iowa) bonds, 
(Owley County (Kansas) bonds, 
Pawnee Count}" (Kansas) bonds, 
Clay School Township (Ind.) bonds 
Angus Township (Iowa) bonds, 
Oxford Township (Kansas) bonds, 
Mason and Tazewell (111.) District bonds, 
Wildcat Champaign County District bonds, 
Big Slough Champaign Co. District bonds, 
Woodburn (Iowa) School District bonds, 
Exira (Iowa) School District bonds, 
Lake Shore and Michigan So. R. R. bonds, 
St. Johnsbury and Lake C. R. R. bonds, . 
Terre Haute and Logansport Railroad bonds 
Arizona Canal Company bonds, 
125 shares N. Y., N. H. and H. Railroad, . 

40 ' 
216 ' 
104 ' 

52 ■ 

70 ' 
100 ' 

20 ■ 

12 ' 

24 ' 

50 ' 

86 ' 

50 ' 



Fourth National Bank, New York, 
American Nat. Bank, Hartford, 
Phoenix Nat. Bank, Hartford, . 
Charter Oak Nat. Bank, Hartford, 
Hartford Nat. Bank, Hartford, 
First National Bank, Hartford, 
iEtna National Bank, Hartford, 
F. and M. Nat. Bank, Hartford, 
City National Bank, Hartford, 
Thames National Bank, Norwich, 
Conn. T. and S. D. Co., . 
Security Company, . 



Company. 

Cost. 

$9,775 00 

14,425 00 

24,500 00 

1,500 00 

5,000 00 

10,250 00 

5,000 00 

7,000 00 

2,000 00 

5,000 00 

15,696 50 

15,375 00 

10,150 00 

500 00 

1,500 00 

5,089 38 

10,500 00 

10,000 00 

10,000 00 

16,793 03 

4,193 00 

13,538 00 

15,853 00 

6,700 00 

10,625 00 

13,978 25 

2,373 50 

2,250 67 

2,790 00 

6,850 00 

8,428 00 

4,750 00 



Market value. 

$10,300 00 

15,000 00 

27,500 00 

1,500 00 

5,000 00 

10,300 00 

5,150 00 

7,000 00 

2,000 00 

5,150 00 

15,696 50 

15,375 00 

10,500 00 

500 00 

1,500 00 

6,710 00 

10,500 00 

10,000 00 

10,700 00 

30,000 00 

5,720 00 

13,500 00 

12,688 00 

5,460 00 

10,500 00 

10,000 00 

2,100 00 

1,260 00 

2,256 00 

7,000 00 

11,610 00 

6,750 00 



$272,383 33 $289,225 50 



« THE CONNECTICUT MUTUAL LIFE INSURANCE COMPANY," 

HARTFORD, CONN. 

[Incorporated June 15, 1846. Commenced business Dec. 15, 1846.] 

Jacob L. Greene, President. William G. Abbott, Secretary. 

Income. 
New premiums without deductions, ..... $ 593,727 01 
Renewal premiums, 3,842,558 31 



Total premium income, 
( lash received for interest, 



. |4,436,285 32 
. 2,590,100 72 



1888.] 



OF OTHER STATES. 



53 



Cash as discount on claims paid in advance, . 
Cash tor rents of company's property, 

Total income 

Net or Ledger assets, Dec 81, 1887, . 



Total, 



$18,973 32 
378,110 60 

. |7,423,475 96 

. 55,128,568 55 

$62,552,044 51 



Disbursements. 

Cash paid for losses and additions, ..... 

Premium notes or loans used in payment of same,. 
Cash paid for matured endowments and additions, 
Premium note- or loans used in payment of same, . 

Gross amount paid for Losses and endowments, 

Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered 
policies, and voided by lapse, 

Cash surrender values, including reconverted additions ap 
plied in payment Of premiums, 

Cash dividends paid policy holders. f 54,357.17 ; applied in 
payment of premiums. 81,066,991.50, .... 

Premium notes or loans used in payment of dividends, . 

Total paid policy holders, 

Cash paid for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners fees, .... 
for salaries of officers and office employees, . 

for taxes and fees, 

for rent, 

for advertising, 

for incidentals, 

for profit and loss account, .... 
for expenses on real estate, .... 



Total disbursements, . 



18,140,693 01 

57,289 64 

493,985 69 

3,783 70 

13,695,752 04 
131,171 24 

33,106 63 

364,950 65 

1,121,348 67 
39,019 10 

$5,385,348 33 

267,318 19 

15,619 49 

15,809 01 

112,854 72 

294,383 47 

5,955 00 

30,998 84 

51,540 33 

354,527 60 

164,789 66 



Balance, 



§6,699,144 64 
$55,852,899 87 






Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens) , 
Loans on collateral security (schedule A), 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule B), 

Cash deposited in bank, 

Agents' ledger balances, 

Ledger assets (as per balance) , 



$9,045,869 86 

31,630,448 60 

391,183 00 

1,953,501 18 

10,249,916 34 

2,568,772 64 

13,208 25 

$55,852,899 87 



54 LIFE INSURANCE COMPANIES [Dec. 31, 

Otiieu Assets. 

Interest due and accrued, $1,002,204 80 

Rents due and accrued, 11,552 29 

Market value of stocks and bonds, over cost, .... 488,560 80 

Inn >lleeted premiums on policies in force, . $131,789 30 

Deduct loading (20 per cent.),. . . . 20,357 86 

Net ain't of uncollected and deferred prem's, . 105,431 44 



Total assets per company's books, .... $57,460,649 20 

Items not Admitted. 
Agents 1 balances, $ 13,208 25 

Depreciation from cost of real estate,* . . 1,017,607 71 

Total, 1,030,815 96 



Total admitted assets, $56,420,833 24 

Deduct special deposit in Canada, 125,000 00 



Balance, $56,304,833 24 

Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (actuaries 1 4 per cent), . . . $50,993,12100 
Death losses due and unpaid, .... $5,568 25 

Matured endowments due and unpaid, . . 7,323 00 

Death losses and matured endowments in 

process of adjustment, 319,061 00 

Claims resisted by the company, . . . 35,000 00 

Total policy claims, ..... 366,952 25 

Unpaid dividends of surplus due policy holders, . . . 214,370 33 

Reserve on account of lapsed policies, 271,428 00 

Premiums paid in advance, etc., 55,2^6 03 



Liabilities as to policy holders, $51,901,137 61 

Deduct liability on special deposit, 125,000 00 



,776,137 61 
Surplus as regards policy holders, ....... 4,528,695 63 

Gross liabilities, $56,3u4,833 24 

Premium Note Account. 

Premium notes on hand, Dec. 31, 1887, . . $2,102,949 15 

Premium notes received during 1888, . . 1,21100 

Total, $2,104,160 15 

Used in payment of losses and claims, . . $61,073 34 
Used in papment of surrendered policies and 

voided by lapse, 34,317 63 

Used in payment of dividends to policy holders, ;>!),019 10 

Redeemed by maker in cash, .... 16,248 90 

Total,/ 150,658 97 



Balance note assets, Dec. 81, 1888, $ 1,953,501 18 

* In making up tue vuluu of the real estate owned, the same ey stein has been employed as iu 
previous years. 



1888.] 



of otiii:r states. 



55 



Whole life,. 
Endowment, 



Whole life,. 
Endowment, 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1SS7. 

Numlur. Amount. ' Total No. Total amount. 

. 58,472 $141,435,194 00 
. 5,011 9,5.">7,:»<U 00 
63,483 $150,992,498 00 

Policies issued during the Tear. 

. 2,772 $7,194,684 00 

188 1,126,006 00 
3,210 8,320,690 00 



Whole life,. 
Endowment, 



Old Policu 8 revivi d, 

238 $728,800 00 

18 20,000 00 



251 



748,300 00 



Total, 6G,944 $160,061,488 00 



Policies terminated during the )> </r. 

Whole life 2,788 $7,705,869 00 

Endowment, ... 501 993,706 00 





3,284 


$8,699,575 00 




Hoir terminated. 


By death, . 


. 1,339 


$3,263,369 00 


By maturity. 


311 


495,654 00 


By surrender, 


606 


1,849,405 00 


By lapse, . 


848 


2,024,400 00 


By change and decrease, 


- 


559,2*7 00 


Not taken, . 


180 


507,500 00 



3,284 8,699,575 00 



Whole life, . 
Endowment, 



Policies in force Dec. 31, 1888. 
. 58,699 $141,652,309 00 
. 4,961 9,709,604 00 



63,660 $151,361,913 00 



Schedule A. 
Securities held as Collateral. 

Market value. Amount loaned. 

14 shares New York, N. H. and H. Railroad, $3,600 00 $1,500 00 

650 " Indianapolis National Bank, . . 65,000 00 48,683 00 

100 " ^Etna Insurance Company, . . 24,800 00 12,000 00 

Missouri Farm Mortgage bonds, . . . 5,050 00 4,000 00 

Chicago and Western Indiana Railroad bonds, 22,515 00 -\ 

Suspension Bridge and Erie June. R R. bonds, 1,120 00 i 25,000 00 
Terre Haute and Logansport Railroad bonds, . 9,500 00 ) 

Evansville city bonds, 400,000 00 300,000 00 



$531,585 00 $391,183 00 



56 



LIFE INSURANCE COMPANIES [Dec. 31, 



Schedule B. 
Bonds and Stocks owned by the 

United States bond- 

State of Tennessee bonds, 
City of Jackson (Mich ) water bonds, 
of Fort Wayne (Ind.) bonds, . 
of Louisville (Ky.) bonds, 
of Mobile (Ala.) bonds, . 
of Milwaukee (Wis.) bonds, . 
of Quincy (111.) bonds, 
of Galveston (Tex.) bonds, 
of Austin (Tex.) bonds, . 
of Denver (Col.) bonds, . 
of Montreal (Can.) bonds, 
of Logansport (Ind.) bonds, 
of Muncie (Ind ) bonds, . 
of Omaha bonds, 
of San Antonio (Tex.) bonds, . 
of Wichita (Kan.) bonds, . 
of Duluth (Minn.) bonds,. 
County of Marion (Kan.) bonds, 

of Leavenworth (Kan.) bonds, 
of Sedgwick (Kan) bonds, . 
of Sumner (Kan.) bonds, 
of Warren (Lid.) court house bonds, 
of Allen (Ind.) bonds, . 
of Mahaska (la.) bonds, 
of Hancock (O) court house bonds, 
Province of Quebec currency bonds, 
St. Louis Chamber of Commerce bonds, 
Atlantic Dock Company bonds, 
Baltimore and Ohio Railroad bonds, 
Chicago, Burlington and Quincy R. R. bonds, 
Chicago and Northwestern Railroad bonds, . 
Chic., St. Louis and New Orleans R. R. bonds, 
Chicago and Western Indiana Railroad bonds, 
Chicago, Milwaukee & St. Paul R. R. bonds, 
Cleve., Col., Cin. and Ind. Railroad bonds, 
Cincinnati, Ham. and Dayton Railroad bonds 
Dayton and Western Railroad bonds, 
Dayton and Michigan Railroad bonds, 
Detroit, Lansing and Northern R. R. bonds, 

Harlem Riv. and Port Chester Railroad bonds 

Lehigh Valley Railroad bonds, 

Michigan Central Railroad bonds, . 

X. V , Lake Erie and Western Railroad bonds 

Northern Pacific Railroad bonds, 

Philadelphia and Leading Railroad bonds, 



Company. 

Cost. 

$99,125 00 
19,200 00 
99,000 00 
75,000 00 
125,339 06 
87,500 00 
437,000 00 
187,500 00 
100,000 00 
39,000 00 
301,500 00 
100,031 25 
72,720 00 
15,468 75 
160,825 00 
31,800 00 
10,300 00 
133,125 00 
190,550 00 
99,580 00 
144,200 00 
149,350 00 
35,630 00 
49,653 75 
7,157 50 
76,797 50 
15,468 75 
472,000 00 
81,000 00 
269,375 00 
124,233 05 
158,765 83 
776,562 50 
1,038,284 42 
287,340 83 
62,950 83 
45,288 37 
32,765 00 
157,375 00 
121,752 50 
650,000 00 
56,486 17 
526,193 75 
198,574 42 
507,500 00 
124,740 38 



Market value. 

$125,000 00 
13,776 00 
99,000 00 
75,000 00 
125,339 06 
65,625 00 
495,950 00 
187,500 00 
97,500 00 
39,000 00 
301,500 00 
100,000 00 
72,720 00 
15,468 75 
160,825 00 
31,800 00 
10,300 00 
133,125 00 
190,550 00 
99,580 00 
144,200 00 
149,350 00 
35,630 00 
49,653 75 
7,157 50 
76,797 50 
15,468 75 
472,000 00 
81,000 00 
300,000 00 
127,600 00 
173,560 00 
866,250 00 
1,115,010 00 
290,700 00 
65,208 33 
45,140 00 
33,150 00 
163,137 50 
118,500 00 
650,000 00 
62,745 00 
562,000 00 
213,125 00 
578,750 00 
134,000 00 



L888.] 



OF OTIIKK STATES. 



57 



St. Louis Cable and Western Railroad bonds, 
St Paul and No Pacific Railroad bonds,, 
St. Joseph Terminal Railroad bonds, 

Vermont Valley Railroad bonds, 
Wabash, S< I> and Pacific Railroad bonds, 
lift) shares First National Bank, Hartford, 



80 
2o 

10 

W 

BOO 

17.") 

160 

210 

50 

2000 



City National Rank, Hartford, 
.Etna Xat'l Bank, Hartford, 
Phoenix Xafl Bank, Hartford, 
Charter Oak Nat 1 ! Bank, Hartford 
state Hank. Hartford, . 
Conn. T. and S. 1). Co., Hartford, 
First Xat'l Bank, Litchfield, . 
Fourth Nat. Bank New York City 
X. V., N. II. and Hartford R. EL 
( lonnecticut River Railroad, . 
( Dim. and Passumpsic Riv. R. R., 
Massawippi Valley Railroad, 



CobL 

|107,326 00 

1574,002 50 

350,000 00 

301,500 00 

158,739 23 

13,000 00 

8,000 00 

2,500 00 

36,406 00 

1,055 00 

1,195 00 

30,000 00 

22,125 00 

1(1,000 00 

21,000 00 

5,000 00 

200,000 00 

50,000 00 



Market value. 

$107,325 00 
392,445 00 

350.000 00 
88 »,000 00 

185.1 15 00 
12,610 00 

7,200 00 

2,500 00 

31,080 00 

1,000 00 

3,600 00 

42,000 00 

21,000 00 

22,880 00 

50,400 00 

9,600 00 

200,000 00 

50,000 00 



$10,249,916 34$10,738,477 14 



•T1IK EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED 

STATES," NEW YORK. 

[Incorporated July 26, 1859. Commenced business July 28, 1859.] 
Paid-up Capital, $100,000. 

Henry B. Hyde, President. William Alexander, Secretary. 

[Note by the Compant. — Whenever the term " cash " ie used in this statement, it means 
money in hand, in transmission, or its equivalent in the society's money obligations.] 



I> T COME. 

New premiums without deductions, . 
Renewal premiums, 

Cash received for annuities, 



Total 

Deduct amount paid for re-insurance, 

Total premium income, 
Cash received for interest, 
Cash received for rents of company's property, 

Total income, 

Net or ledger assets, Dec. 31, 1887, . 

Total, 



$5,855,932 02 

15,707,491 09 

485,519 97 



22,048,913 08 
1,129 73 



£22,047,813 35 
. 4,181,779 81 

729,384 43 



$26,958,977 59 
79,297,955 46 

$106,256,933 05 



58 



LIFE INSURANCE COMPANIES [Dec. 31, 



Disbursements. 
Cash paid for losses and additions, . 
Cash paid for matured endowments and additions,. 

Gross amount paid for losses and endowments, 

Cash paid to annuitants, 

Cash paid for surrendered polieies, . 



. |6,34l,278 S3 
. 1,221,215 51 



Cash dividends paid policy holders applied 
premiums, 



Total paid policy holders, . 
Cash paid for dividends to stockholders, . 
for commissions to agents, 
for salaries and travelling expenses 
for medical examiner's fees, . 
for salaries of officers and office em 
for taxes and fees, . 

for rent, 

for commuting commissions, . 
for advertising, 
for incidentals, 

Total disbursements, .... 

Balance, 



. $7,562,489 34 

171,1)72 35 

1,773,332 37 



in payment of 



of agents, 
ployees, . 



2.:57G,GG3 38 



111,884,457 44 

7,000 00 
2,294,587 70 

124,707 08 
217,027 55 
397,895 11 
172,084 66 
194,001 5-5 
283,129 23 
136,053 17 
1,118,362 64 



$16,829,906 13 



$89,427,026 92 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 

Loans on collateral security (schedule A), 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Agents 1 ledger balances, 

Commuted commissions, 

Ledger assets (as per balance), 



$22,695,389 21 

25,660,78:5 64 

825,000 00 

28,214,692 47 

15,330 93 

10,700,268 38 

497,909 45 

817,649 84 



$89,427,026 92 



Other Assets. 
Interest due and accrued, .... 

Rents due and accrued, .... 

Market value of stocks and bonds, over cost, 

Uncollected premiums on policies in force, 

Deferred premiums on policies in force, . 

Total, 

Deduct loading (20 per cent.), . 

Net am't of uncollected and deferred prom's, 

Total assets per company's books, 



$338,949 00 
1,736,224 00 

12,075,173 00 
415,034 60 



767,301 47 

100,643 04 

2,672,718 53 



1,660,138 40 

$91,627,888 36 



1- OF OTHEB STATES. 59 

I reMa hot Admitted. 

Commuted commissions | I B4 

kg - balanci 497,909 45 

J fl.315,559 29 



il admitted ass 2,329 07 

Ded - rite in other States and countries, . . 2,950,519 00 



Balai 190,361,810 07 



Li.vr.ii.rni 9. 
Computed premium reserve or net present value of all out- 

iding policies (actuaries 1 l percent.), f 7 6 00 
- and matured endowments in process of ad- 
justment 34,190 81 

Unpaid dividend- of surplus do \ policy holders, . . . 97,431 00 
Liability under lapsed polici 161,432 00 



Liabilities as to policy holders ,205,359 81 

Luct liability on special dej 2.7:1(3,400 00 



9 81 
Surplus as regards tontine policy hold .f 13,812,983 00 

Surplus as regards other policy holders, . . 5,139,927 - 



Gross surplus, L0 26 

Paid-up capita 100,000 00 

Surplus oyer capital, 18352,910 26 



Gross liabilities, $90,361,810 07 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1887. 

Number. Amount. Total No. Total amount. 

Whole life 112,295 $416,666,692 00 

Endowment, . . . 15,767 58,169,481 00 

All other 1,392 "46.690 00 

Pveversionary additions, . - 5,64:6,699 00 

129,454 .$483,029,562 00 



Policies issued during the Year. 

Whole life,. . . . 32.247 8126,265,559 00 
Endowment, . . . 5,446 19,785,252 00 

All other 473 1,488,688 00 

38,166 147,539,499 00 



GO 



LIFE INSURANCE COMPANIES [Dec. 31 



Whole life, . 
Endowment, 
All other, . 

Additions by dividends, 



Old Policies revived. 

Number. Amount. Total No. 

888 $4,143,660 00 
L62 027,850 00 
5 28,800 00 
1,055 



Total amount. 



$4,800,310 00 
1,593,726 00 



Total, 168,675 $636,963,097 00 

Policies terminated during the Year. 

Whole life,. . . . 16,944 $73,398,495 00 
Endowment, . . . 3,068 11,578,212 00 
All other, . . . . 258 2,770,264 00 





20,270 


$87,746,971 00 






How terminated. 




By death, . 


. 1,576 


$6,708,392 00 




By maturity, 


420 


1,233,920 00 




By expiry, . 


94 


702,350 00 




By surrender, 


. 2,619 


12,039,566 00 




By lapse, . 


. 10,438 


36,944,493 00 




Not taken, . 


. 5,123 


30,118,250 00 








20,270 


87,746,971 00 



Policies in force Dec. 31, 18SS. 

Whole life, .... 128,486 $473,677,416 00 
Endowment, . . . 18,307 67,004,371 00 

All other, 1,612 2,760,875 00 

Reversionary additions, . - 5,773,464 00 

148,405 $549,216,126 00 



Schedule A. 

Securities held as Collateral. 



International and Great Northern R. R. bonds, 
N. Y. Central and Hudson River R. R. stock, 
United States Trust stock, 
St. Paul, Minn, and Manitoba Railroad bonds 
United States bonds, .... 

North Western Telegraph bonds, 
Mercantile Trust Company stock, . 
Missouri Pacific Consolidated R. R. bonds, 
Oregon Short Line Railroad bonds, . 
Missouri Pacific Railroad bonds, 
St. Louis and Iron .Mountain Railroad bonds, 
Cairo and Fulton Railroad bonds, . 



Market value. 

$3,650 00 
10,800 00 ; 
17,700 00 ! 
5,900 00 
5,425 00 
21,400 00 
11,250 00 
110,000 00- 
112,250 00 
92,750 00. 
12,820 00 
5,300 00 



Amount loaned. 
$3,000 00 

20,000 00 

4,000 00 

5,000 00 

15,000 00 

5,000 00 

260,000 00 



18,000 00 



1888.] 



OF OTHEB STATES. 



61 



Louisville mid Nashville Railroad Btock, 

Missouri Pacific Railroad stock, 

Chicago and North Western Railroad stock, 

Lake Shore Railroad stock, 

Erie Preferred Railroad Btock, . 

Western Union Telegraph stock, 

Chicago, Milwaukee and St Paul R. R. stock 

St. Paul and Dulutfa Railroad stock, 

\< >\ Jersey Central Railroad stock, 

Delaware and Hudson Canal Co. stock, 

Canada Southern Railroad stock. 

Texas and Pacific Railroad Btock, . 

Pacific Mail steam-hip Company Btock, 

Michigan Central Railroad stock, 

Richmond and West Point Railroad bond 

Manhattan Railroad Btock, 

Reading Railroad stock. . 

New Jersey Central Railroad stock, 

Texas and Pacific Railroad stock, . 

East Tenn., Virginia and Georgia R. P. stock 

X. V.. L. K and Western Railroad stock. 

X. V.. Susquehanna and Western R. R. stock 

Illinois Central Railroad stock. 

Chicago, Burlington and Quincy P.P. stock, 

Delaware and Hudson Canal Company Stock, 

Northern Pacific Railroad stock, 



} 11200,000 00 



> 100,000 00 



Market value. Amount loaned. 

167,875 00^ 

7,875 00 
10,825 00 
52,062 00 
18,525 00 
108375 00 
10,350 00^ 

9,500 00 

500 00 

18,250 00 

5,300 00 
15,925 00 
10,950 00 
85,100 00 J 
B7.750 00^ 
1 -,000 00 
16,500 00 
57,000 00 
16,925 00 
13,800 00 

5,500 00 

3,350 00 
11,450 00 

5,500 00 

6,625 00 

7,650 00 



, 200,000 00 



fl,042,207 00 $825,000 00 



Schedule P>. 

Bonds and Stocks owned by the Company. 

Cost. Market value. 

United States bonds, |594,812 00 $648,588 00 

Pennsylvania Company bonds, . . . 1,019,940 00 1,077,500 00 

West Shore Railroad bonds, .... 2,592,183 00 2,714,250 00 

Western Union Telegraph bonds, . . . 1,106,359 00 1,170,000 00 

Erie Railroad bonds 1,420,486 00 1,525,270 00 

Albany and Susquehanna Railroad bonds, . 1,157,500 00 1,235,000 00 

Hannibal and St. Joseph Railroad bonds, . 398,107 00 420,875 00 

Chicago, Burlington and Quincy R. R. bonds, 1,812,711 00 1,753,087 00 

Chicago and Northwestern Railroad bonds, . 3,172,882 00 3,368,375 00 

Fremont, Elkhorn and M. V. Railroad bonds, . 610,010 00 605,000 00 

St. Paul, Chicago and Pacific R. R. bonds, . 355,544 00 405,900 00 

St. Paul. Wis. and Minn. Div. R. R. bonds, . 98,014 00 100,500 00 

St. Paul, Dubuque Division R. R. bonds, . . 169,395 00 171,000 00 

St. Paul, Mineral Point Division R. R. bonds, . 54,065 00 55,550 00 

St. Paul Railroad bonds 395,636 00 380,250 00 

Fargo and Southern Railroad bonds, . . 281,250 00 300,312 00 

Manitoba Railroad bonds, .... 318,407 00 354,000 00 



62 



LIFE INSURANCE COMPANIES [Dec. 31, 



Omaha Railroad bonds, .... 

Kansas Pacific Railroad bonds, 

Kansas City and Northern R. E R. R. bonds, 

Missouri Pacific Railroad bonds, 

Pacific of Missouri Railroad bonds, 

International and Great Northern R R. bonds 

Iron Mountain Railroad bonds, 

Cairo and Fulton Railroad bonds, . 

Morris and Essex Railroad bonds, . 

Rock Island Railroad bonds, . 

Atchison and Pike's Peak Railroad bonds, 

Cleveland, Col., Cin. and Ind. R. R. bonds, 

Kalamazoo and White Pigeon Railroad bonds 

Watertown and Rome Railroad bonds, . 

Central Park, North and E. River R. R. bonds 

Indianapolis and St. Lonis Railroad bonds, 

Alton and Terre Haute Railroad bonds, . 

Peoria and Pekin Union Railroad bonds, . 

Cedar Falls and Minn. Railroad bonds, . 

Minn, and St. Lonis Railroad bonds, 

New York, Lack, and Western R. R. bonds, 

New York Central Railroad bonds, 

New York, Chicago and St. Louis R. R. bonds 

Virginia State (new) bonds, 

Mississippi State bonds, . 

Elizabeth City bonds, 

Louisville City bonds, 

St. Louis City bonds, 

Newark City bonds, . 

Kearney City bonds, . 

Toronto City bonds, . 

Montreal City bonds, 

Wurtemberg Government bonds, 

Hungarian Government bonds, 

Swedish Government bonds, 

Cape of Good Hope Government bonds, 

Canton of Geneva bonds, . 

Alton and Terre Haute Railroad stock, 

( hieago and Northwest Railroad stock, 

Pennsylvania Railroad stock, . 

Northern Central Railroad stock, 

Rock Island Railroad stock, 

Mercantile Trusl Company stock, 

Gold and Stock Telegraph stock, 

Western Union Telegraph stock, 

Missouri Pacific Railroad stock, 

Chic, St. Paul, Minn, and Omaha R. R stock, 

New York Central Railroad stock, . 



Cost. 

|257,631 00 

62,844 00 

124,300 00 

494,142 00 

243,305 00 

277,500 00 

439,100 00 

215,534 00 

564,550 00 

1,214,344 00 

205,045 00 

598,250 00 

64,424 00 

438,585 00 

57,500 00 

171,625 00 

172,201 00 

134,903 00 

129,912 00 

110,000 00 

57,935 00 

95,480 00 

310,635 00 

11,371 00 

9,959 00 

295,650 00 

286,500 00 

107,625 00 

267,500 00 

10,000 00 

286,890 00 

194,750 00 

72,718 85 

92,743 02 

93,914 35 

51,847 00 

19,669 00 

114,619 00 

599,063 00 

225,159 00 

126,195 00 

467,406 25 

1,351,772 00 

116,970 00 

203,849 00 

21)1,653 00 

206,604 00 

713,213 00 



Market value. 

|298,750 00 

67,500 00 

126,560 00 

550,000 00 

245,000 00 

273,750 00 

115,770 00 

212,000 00 

665,438 00 

1,206.563 00 

203,840 00 

650,000 00 

61,335 00 

501,240 00 

60,500 00 

169,500 00 

175,560 00 

153,900 00 

115,000 00 

100,000 00 

67,875 00 

97,900 00 

325,713 00 

11,371 00 

10,100 00 

312,075 00 

306,000 00 

116,000 00 

290,000 00 

10,175 00 

292,730 00 

196,017 00 

72,719 00 

92,743 00 

93,914 00 

51,847 00 

19,669 00 

108,000 00 

595,375 00 

215,500 00 

176,000 00 

396,500 00 

2,923,425 00 

130,900 00 

212,500 00 

285,000 00 

187,000 00 

722,700 00 



$28,214,692 47 $ 30,887,4 11 00 



1888.] 



OF OTIIEK STATES. 



63 



"THE GERMANIC LIFE [NSURANCE COMPANY; 1 NEW YORK. 

[Incorporated April 10, 1880. Commenced baslneM July 16, i860.] 

Paid-up Oafitai., (200,000, 

1 1 1 € ; « > Wesendonck;, President. Cornelius Doremus, Secretory. 



rNCOME 

New premiums without deductions,. 
Kcurw ;il premiums, .... 
Cash recen ed for annuities, 

Total premium income, 
Cash received for interest. 

as discount on claims paid in advance, 
for rents of company's property, 
for profits on bonds or stocks sold, . 
for policy fees, 

Total income 

Net or Ledger assets. Dec. 31, 1887, .... 



Total, 



$294,028 41 

1,647,808 62 

23,967 73 

$1,965,804 76 

535,878 65 

1,828 71 

49,796 88 

22,568 75 

1,157 38 

$2,577,030 08 

12,490,310 49 

$15,067,340 57 



Disbursements. 

Cash paid for losses and additions, 

Cash paid for matured endowments and additions,. 

Gross amount paid for losses and endowments, 

Cash paid to annuitants, 

Cash paid for surrendered policies, 

Cash surrender values, including reconverted additions ap- 
plied in payment of premiums, ..... 

Cash dividends paid policy holders applied in payment of 
premiums, 



Total paid policy holders, 

Cash paid for dividends to stockholders, .... 
for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiner's fees, .... 
for salaries of officers and office employees, . 

for taxes and fees, 

for rent, 

for commuting commissions, .... 
for furniture and office fixtures, 

for advertising, 

for incidentals, ...... 

Total disbursements, 

Balance, 



$744,624 98 
213,619 62 

$958,244 60 

15,149 99 

119,971 34 

8,706 83 

250,837 30 

$1,352,910 06 

24,000 00 

251,719 93 

62,854 79 

18,369 12 

69,621 00 

11,475 63 

1,447 18 

878 85 

2,144 24 

12,487 00 

25,396 16 

$1,833,303 96 

$13,234,036 61 



64 



LIFE INSURANCE COMPANIES [Dec. 31, 



Invested in the following: — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
on collateral security (schedule A), 
on company's policies assigned as collateral, 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office and in transit (since received) 

Cash deposited in bank, 

Insurance scrip, 



Ledger assets (as per balance), 



§1,298,690 71 

7,068,426 80 

250,000 00 

187,638 08 

4,243,227 78 

62,050 23 

123,893 01 

110 00 

$13,234,036 61 



Other Assets. 
Interest due and accrued, .... 
Rents due and accrued, .... 
Market value of real estate, over cost, 
Market value of stocks and bonds, over cost, 
Uncollected premiums on j^olicies in force, 
Deferred premiums on policies in force, . 

Total, 

Deduct loading (20 per cent.), . 

Net am't of uncollected and deferred prem's, 



§116,303 97 
305,959 63 

$422,263 60 
84,452 71 



118,972 73 

7,424 99 

99,625 80 

163,328 81 



337,810 "89 



Total assets per company's books, . 
Deduct special deposits in other States and countries, 



Balance, 



§13,961,199 83 
839,299 09 

$13,121,900 74 



Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent.), 
Death losses due and unpaid, .... 
Matured endowments due and unpaid, 
Death losses in process of adjustment, 
Claims resisted by the company, 

Total policy claims, 

Unpaid dividends of surplus due policy holders, 
Extra reserve for lapsed, war and other policies, 



Liabilities as to policy holders, . 
Deduct liability on special deposits, 



Surplus as regards special policy holders, 
Surplus as regards general policy holders, 



$12,541,309 00 



§3,785 .00 
3,718 00 

81,476 43 
5,000 00 



93,979 43 
52,945 80 
48,317 64 

§12,736,551 87 
747,946 29 

§11,988,605 58 



Gross surplus, 



$49,298 14 
1,083,997 02 

$1,133,295 16 



38.] 



OF OTHER STATES. 



65 



Paid-up capital, . 
Surplus over capital. 

Gross liabilities, 



. $200,000 00 
933,295 16 

113,121,900 74 



Exhibit ot POLICIES. 

PoHdi s and Additions in force Dec. 31, 1887. 

Number. Amount. Total No. Total amount. 

Whole life 12,013 $21,876,360 00 

Endowment, . . . 13,363 20,344,147 00 

All other 546 1,396,635 00 

26,922 $43,617,142 00 



Whole life, . 
Endowment, 

All other, . 



I'nli ■ <] during the Year. 

347 1878,770 00 

. 4,076 8,079,418 00 

117 331,242 00 



4,540 9,289,430 00 



Whole life, . 
Endowment, 



Old Policies revived. 

3 $22,000 00 

4 9,950 00 



31,950 00 






Whole life, . 
Endowment, 

Additions by dividend-. 
Total, . 



<>bl Policies increased. 

19 $73,818 00 

22 20,675 00 



Whole life, . 
Endowment, 
All other, . 



41 94,493 00 

64,460 00 

30,510 $53,097,475 00 



Policies terminated during the Tear. 
534 $1,137,186 00 



1,649 
86 



2,822,040 00 
283,569 00 





2,269 


§4,242,795 00 




How terminated. 


By death, . 


399 


$697,615 00 


By maturity, 


150 


212,324 00 


By expiry, . 


21 


8,663 00 


By surrender, 


346 


698,265 00 


By lapse, . 


725 


1,062,779 00 


By change and decrea; 


le, . 71 


309,763 00 


Xot taken. . 


557 


1,253,386 00 



2,269 §4,242,795 00 



66 



LIFE INSURANCE COMPANIES [Dec. 31, 



Policies in force Dec. 31, 1SSS. 



Whole life,. 
Endowment, 

All other, . 



. 11,848 $21,754,471 00 

. 15,816 25,655,901 00 

577 1,444,308 00 



Industrial policies in force, 



28,241 $48,854,680 00 
9,521 $1,067,070 00 



Schedule A. 
Securities held as Collateral. 

Market value. 

United States bonds, $55,990 00 

Central Ohio Railroad bonds, .... 21,47225 

Chicago, Burlington and Quincy R. R. bonds, . 46,725 00 

Pacific Railroad of Missouri bonds, . . . 53,900 00 

Chicago, Milwaukee and St, Paul R. R. stock, 10,400 00 1 

Chicago and Northwestern Railroad stock, . 5,412 50 

Delaware and Hudson Railroad stock, . . 13,250 00 

Lake Eric and Western Railroad stock, . . 10,475 00 

Lake Shore and Michigan So. Railroad stock, 10,412 50 

New York and Harlem Railroad stock, . . 44,000 00 

Oregon Railroad and Navigation Co. stock, . 18,450 00 

Rome, Watertown and Ogdensburg R. R. stock, 9,200 00 

Western Union Telegraph stock, . . . 4,187 50 J 



Amount loaned. 

$50,000 00 
100,000 00 



> 100,000 00 



$303,874 75 $250,000 00 



Schedule B. 

Stocks and Bonds owned by the 

United States bonds, 

Mississippi State bonds, .... 
Virginia State bonds, .... 
Newark (N. J.) city bonds, 
Canada Dominion bonds, .... 
Austrian government bonds, 
Bavarian government bonds, . 
Swiss government bonds, .... 
Atchison, Topeka and Santa Fe Railroad bonds 
Baltimore and Ohio Railroad bonds, 
Brooklyn and Montauk Railroad bonds, . 
( Vntral Park N. and E. R. II. R. R. bonds, 
( Ihesapeake and Ohio Railroad bonds, 
Chicago and Alton Railroad bonds, . 
Chicago, Burl, and Quincy Railroad bonds, 
Chicago, .Mil. and St. Paul Railroad bonds, 
Chicago and Northwestern Railroad bonds, 
Chicago, Rock Island and Pacific EL El. bonds 
Chicago, St. Louis and Pittsburg R. 1!. bonds, 
Chicago, St. Paul, Minn, and Oin. R, \l. bonds 



Company. 

Cost. 

f778,069 14 
7,500 00 
13,027 55 
49,450 00 
52,025 00 
39,647 30 
10,392 60 
19,358 69 
;U,160 00 
55,405 00 
54,875 00 
48,605 00 
42,600 00 
74,502 50 
31,012 50 

172,692 50 

398,008 75 
78,615 00 
71,487 50 

248,672 50 



Market value. 

$869,520 00 
8,500 00 
17,350 50 
47,660 00 
52,625 00 
39,647 30 
10,392 60 
19,358 69 
33,040 00 
59,090 00 
55,125 00 
47,200 00 
40,400 00 
71,875 00 
29,450 00 

169,080 00 

421,320 00 
73,390 00 
68,800 00 

256,280 00 



L888.] 



OF OTHER STATES. 



67 



(in., Hani, and Dayton Railroad bonds, . 
CleY6., Col., ('in. and I ml. Railroad bonds, 
Columbus, Booking Val. and Tol. R. R. bonds, 
Delaware and Hudson Canal Co. bonds, . 
Dubuque and Sioux City Railroad bonds, 
Grand Rapids and Indiana Railroad bonds, 
Hannibal and St. Joseph Railroad bonds, 
Illinois Central Railroad bonds, 
Lake Erie and Western Railroad bonds, . 
Lake Shore and Michigan So. R. R. bonds, 
Little Miami Railroad bonds, . 
Lonjr Island Railroad bonds, 
Michigan Central Railroad bonds, . 
Minneapolis and St. Louis Railroad bonds, 
Missouri Pacific Railroad bonds, 
N. Y. Central and Hudson River R. R. bonds, 
X. \'., Lake Erie and Western R. R. bonds, 
Philadelphia and Reading Railroad bonds, 
St. Paul, Minneap. and .Manitoba R. R. bonds, 
Second Avenue Horse Railroad bonds, . 
Southern Pacific Railroad bonds, 
St. Joseph and Grand [sland Railroad bonds, 
42d St. Man. and St. N. Av. II. R. R. stock, 
Chicago and St. Louis Railroad bonds, 
Atlantic Avenue (Brooklyn) Railroad bonds, 
Central Ohio Railroad bonds, . 
Cin., Ind., St. L. and Chicago Railroad bonds, 
Cin., Sandusky and Cleveland Railroad bonds 
Cleve., Col., Cin. and Ind. Railroad bonds, 
E. Tenn., Va. and Georgia Railroad bonds, 
Flint and Pere Marquette Railroad bonds, 
L. I. City and Flushing Railroad bonds, . 
Pacific Railroad of Missouri bonds, . 
North Hudson County Railroad bonds, . 
Pittsburgh and Connellsville Railroad bonds, 
Terre Haute and Indianapolis Railroad bonds, 
Third Avenue Railroad bonds, . 



Cost. 

$20,900 00 

2,562 50 

58,190 00 

167,187 50 
10,832 50 
20,040 00 
17,531 25 
99,927 50 
50,000 00 

120,450 00 
5,525 00 
1,206 25 

124,196 25 
56,910 00 
48,970 00 

193,887 50 

271,612 50 
25,700 00 

135,187 50 
26,125 00 
46,500 00 
32,250 00 

23,500 00 
26,187 50 
25,562 50 
30,562 50 
30,450 00 
6,125 00 
36,225 00 
29,750 00 
38,010 00 
55,000 00 
50,750 00 
29,375 00 
23,462 50 
26,875 00 



Market value. 

$20,900 00 
2,550 00 
56,110 00 
184,350 00 
10,545 00 
19,440 00 
18,037 50 
99,300 00 
54,500 00 
126,750 00 
5,600 00 
1,200 00 
127,695 00 
42,000 00 
46,897 50 
200,550 00 
290,745 00 
26,600 00 
147,500 00 
26,125 00 
42,400 00 
31,200 00 
1,000 00 
23,500 00 
26,187 50 
25,562 50 
30,562 50 
30,450 00 
6,025 00 
37,200 00 
30,000 00 
38,160 00 
55,000 00 
50,750 00 
29,375 00 
24,810 00 
26,875 00 



$4,243,227 78 $4,406,556 59 



68 



LIFE INSURANCE COMPANIES [Dec. 31, 



"HOME LIFE INSURANCE COMPANY," NEW YORK. 

[Incorporated April 30, 1860. Commenced business May 1, I860.] 
Paid-up Capital, $125,000. 

George C. Ripley, President. George H. Ripley, Secretary. 



Income. 

New premiums without deductions, 
Renewal premiums, . 
Cash received for annuities, 

Total premium income, 
Cash received for interest, 
Cash received for rents of company's property, 



Total income, .... 
Net or ledger assets, Dec. 31, 1887, . 



Total, 



$168,379 72 

645,407 31 

3,000 00 

$816,847 03 

274,295 62 

8,043 48 

$1,099,186 13 

5,781,090 40 

$6,880,276 53 



Disbursements. 

Cash paid for losses and additions, .... 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, . 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, 

Cash paid to annuitants, 

Cash paid for surrendered policies, .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, .... 
Cash dividends paid policy holders ajjjjlied in payment of 

premiums, 

Premiums notes or loans used in payment of dividends, 

Total paid policy holders, 

Cash paid for dividends to stockholders, . 
for commissions to agents, 
for salaries and travelling expenses of agents 
for medical examiner's fees, . 
for salaries of officers and office employees, 

for luxes and fees, 

for rent, . . .■ . 

for advertising, 

for incidentals, 

for profit and loss, 

Total disbursements, 

Balance, 



$317,889 90 

21,590 10 

56,422 84 

9,141 16 

$405,044 00 

750 49 

55,421 95 

33,717 89 

48,984 40 
69,240 78 

$613,159 51 

15,000 00 

116,216 89 

36,837 30 

8,551 50 

36,415 80 

7,369 97 

9,208 00 

5,162 19 

4,910 67 

321 53 

$853,156 36 

$6,027,120 17 



1888.] 



OF OTHER STATES. 



69 



Invested in the following: — 



Assets as psb Ledger Accounts 

• value of real estate .... 

Loans on mortgage of real estate (first liens), 
on collatera] security (schedule A), 
on company's policies assigned as collateral 

Premium notes or loans <>n policies in force, . 

Tost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Agents' ledger balances, 



Ledger assets (as per balance), 



$17.5,270 36 

1,158,150 00 

77<),100 00 

9,184 73 

609,912 32 

8,186,417 97 

217 59 

110,093 93 

7,773 27 

$6,027,120 17 



Other Assets. 

Interest due and accrued 

Rents due and accrued, 

Market value of stocks and bonds, over COSt, . 
Uncollected premiums on policies in force, 

Deferred premiums on policies in force, . 

Total 

Deduct loading (20 per cent.) 

Net ain't of uncollected and deferred prem's. 

Total assets per company's books, 



$123,210 65 
42,822 61 

$166,033 26 
33,206 65 



30,969 05 
1 ,538 81 

171,117 53 



132,826 61 



. $6,363,572 17 



Items not Admitted. 



Agents' balances, 

Total admitted assets. 



7,773 27 



. $6,355,798 90 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries 1 4 per cent.), . . . .$4,929,822 00 

Death losses in process of adjustment, 24,182 00 

Unpaid dividends of surplus due policy holders, . . . 19,406 17 

Premiums paid in advance 5,840 05 

Liabilities as to policy holders, $4,979,250 22 

Surplus as regards policy holders, . . . $1,376,548 68 

Paid-up capital, 125,000 00 

Surplus over capital, 1,251,548 68 

Gross liabilities, $6,355,798 90 



70 LIFE INSURANCE COMPANIES [Dec. 31, 

Premium Note Account. 

Premiums notes on hand, Dee. 31, 1887, . . $6-15,242 52 

Premium notes received during 1888, . . 121,296 41 

Total, $ 766,538 93 

Used in payment of losses and claims, . . $30,731 26 
Used in payment of surrendered policies and 

voided by lapse, 33,717 89 

Used in payment of dividends to policy holders, 69,240 78 

Redeemed by maker in cash, .... 22,936 68 

Total, 156,626 61 



Balance note assets, Dec. 31, 1888, $ 609,912 32 

Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1887. 

Number. Amount. Total No. Total amount. 

Whole life, .... 8,241 $16,590,204 00 

Endowment, . . . 2,828 5,120,469 00 
Allother, .... 4* 

Reversionary additions, . - 45,923 00 

11,073 $21,756,596 00 

Policies issued during the Year. 
Whole life, .... 1,686 $4,116,685 00 
Endowment, ... 410 739,328 00 

All other, .... 1* 

2,097 4,856,013 00 



Old Policies revived. 

Whole life, .... 15 $35,500 00 

Endowment, ... 17 32,000 00 



32 67,500 00 



Old Policies increased. 

Whole life, .... - $2,000 00 

Endowment, . 2,500 00 



4,500 00 
Additions by dividends, - 14,986 00 

Total, 13,202 $26,699,595 00 

Policies terminated during the Year. 

Whole life, .... 1,283 $3,145,477 00 
Endowment, ... 406 805,523 00 

All other, .... - 296 00 



1,689 $3,951,296 00 
* Annuities. 



1888.] 


OF 


OTHEB STATES. 


71 






Number. 


Amount. Tota 


Total amount. 


Bj death, . 




168 


| I.I) 




By maturity, 




38 






By surrender, 




648 


1,511,448 




By 1 m |>^* '. 




187 






By change and decrea 


Be, . 


- 


00 




Not taken, . 




I": 1 , 


111.:.: 

1 


13,951,2 



Policies in force Dee. 31, 188S. 



Whole life,. 
Endowment, 
Annuities, . 
Reversionary additions, 



12 00 
2,849 58,774 00 

- 
60,618 



11,518 122,748,299 00 



S< EEDUUB A. 

2-") -hart-- Nassau National Bank, . 
164 " Union Trust Company, . 

20 " Liberty Fire Insurance Company, 

15 Twenty-third Street Railway, . 

15 " Fulton Municipal Gas Company, 
I " Mun. Eire. Light Co., Brooklyn, 

20 " Dry Dock, E. B. and Battery R.R. 

80 " Wflliamsburgfa Gas light < 
6 u Christopher and Tenth Streel R. I! 
Brooklyn Bank, 

20 " Title Guarantee and Trust i 

20 M Nassau National Bank, . 

24 •• New York Mutual Gas light < 
Missouri Pacific bonds, .... 

45 shares American Exchange Nat Bank, 
•' Consolidated Gas Co., X. Y., . 

20 " Standard Fire Insurance Company 
•200 " New York Mutual Gas light C 
100 M Low Moor Iron Company, 
100 M Delaware and Hudson Canal Co, 
Soldiers' bounty fund bond. New York, . 
-hares Manhattan Railroad. 

24 M Central National Bank, . 
Duluth, S. Shore and Atlantic Railroad bonds 
Cincinnati, Jack, and Mich. Railroad bond-. 
Cincinnati. Van Wert and Mich. R. R. bonds 
600 shares Rich, and W. P. Ter. and Whouse 
100 " Western Union Telegraph, 
500 " Buffalo, Roch. and Pittsburg R. R. 
300 " Lake Erie and Western Railroad. 



Market value. 

IK 

1,900 00 ^ 
3,000 00 
1,875 00 
2,440 00 
X) 00 
4,600 00 

00 

5,000 00 j 

o 00 

-0 00 

6,525 00 

20 00 

1,000 00 

20 f 000 or, 

12.000 00 

13,200 00 

.-.ooo 00 

9,000 00 
3,192 00 
4,350 00^1 
950 00 
17,100 00 
45,300 00 } 
8,400 00 ' 
28,400 00 
15,600 00 



Amount loaned. 

|2,000 00 
15,000 00 



} 



21. (in 



10 on 
4,200 On 
1,000 00 

24.500 00 

4,500 00 
5,000 00 
1,900 00 



100,000 00 



72 



LIFE INSURANCE COMPANIES [Dec. 31, 



Wabash and St. Louis Railroad bonds, 

800 shares Lehigh Valley Railroad, 

900 " Del., Lack, and Western Railroad 
4000 " Wabash, St. Louis and Pac. R. R. 

800 " Northern Pacific Railroad, . 
Missouri, Kansas and Texas Railroad bonds, 
Chicago and Atlantic Railroad bonds, 

500 shares New York Steam Company, . 
N. Y., L. E. and W. Railroad bonds, 
Denver and Rio Grande Railroad bonds, . 
Chicago and Great Western Railroad bonds, 

200 shares Western Union Telegraph Co., 

300 " Missouri Pacific Railroad, 

200 " Cal. and Chi. Canal and Dock Co., 
Great Western Railroad bonds, 
2300 shares Mis., Kan. and Texas Railroad, 
Decatur and E. St. Louis Railroad scrip cert's 
L. E., Wabash and St. L. Railroad scrip cert's, 
Great Western Railroad scrip certificates, 
Wabash Railway scrip certificates, . 
Wabash and Western R. R. scrip certificates, 
Toledo, Wabash and Western R.R. scrip cert's, 
Quincy and Toledo Railroad scrip certificates, 
Funded debt Wabash R. R. scrip certificates, 
Toledo and Illinois R. R. scrip certificates, 

64 shares Third Avenue Railroad, . 

60 " Metropolitan Trust Company, 
110 tc Twenty-third Street Railway, . 
110 " Broadway and Seventh Ave. R. R. 

10 " German Exchange Bank, 
300 " Louisville, New Alb. and Chic. R'y 
100 " Oregon Improvement Company, 

37 " Ninth Avenue Railroad, . 
Central Railroad of New Jersey bonds, . . 
100 shares Pacific Mail Steamship Company, 
100 " Philadelphia and Reading Railroad 

60 " Missouri Pacific Railroad, 
400 " Central Railroad of New Jersey, 

50 " Western Union Telegraph Co., 
Western Union Telegraph bonds, . 
218 shares Chase National Bank, 
Knoxville and Ohio Railroad bonds, 
200 shares St. Paul, Minn, and Man. Railroad, 



> $325,000 00 



Market value. Amount loaned. 

f 14,400 00^1 
18,900 00 
63,000 00 

100,000 00 
20,800 00 
28,050 00 
64,600 00 
20,000 00 
9,360 00 
63,080 00 
8,800 00 
16,800 00 
21,450 00 
19,000 00 
14,960 00 
31,050 00 

8,257 00 

8,665 25 
28,871 65 
11,340 00 
14,583 80 

4,300 00 

4,972 50 

3,960 00 

2,603 48 J 
12,800 00^ 

7,800 00 
22,000 00 
22,000 00 

2,500 00 
12,000 00 } 

7,200 00 

3,774 00 

5,400 00 

3,700 00 

2,450 00 

4,440 OO^j 
38,000 00 

4,200 00 
56,100 00 - 
51,230 00 
11,330 00 
20,000 00 J 



80,000 00 



150,000 00 



,257,484 68 $770,100 00 






L888.] 



OF OTIIKK STATES. 



73 



- BDEDULE B. 

United States bonds 

Brooklyn city bonds, .... 
Brie Railroad bonds, .... 

N. Y., Chicago and St. Louis Railroad bonds, 
New York. Lac and Western Railroad bonds 
Albany and Susquehanna Railroad bond-. 
Morris and Esses Railroad bonds, . 
ChicaffO and North Western Railroad bond-. 
Oswego and Syracuse Railroad bonds, 
Fidelity Loan and Trusl Company bonds, 
('(Mitral Trnsl Company stock. 
American Exchange National Bank Btock, 
National Bank of Commerce stock, . 



Cost. 

,480,488 72 
829,572 50 
109,088 75 

221,112 50 

97,500 00 

221,000 00 

2»'.7,967 50 

281,400 00 

38,950 00 

50,000 00 

29,500 00 

22,512 25 

34,085 75 



Market value. 

fl,538,500 00 

459,200 00 

106,390 00 

194,880 00 

100,000 00 

224,000 00 

267,967 50 

281,400 00 

38,950 00 

50,000 00 

40,000 00 

22,162 25 

8 1,085 75 



?3,186,417 97 $3,357,535 50 



"TIIL MANHATTAN LIFE INSURANCE COMPANY," NEW YORK. 

[Incorporated 1850. Commenced business Aug. 1, 1850.] 
Paid-up Capital, $100,000. 

James M. McLean, President. IIexky Y. Wemple, Secretary. 



[ncome. 

Now premiums without deductions, . 
Renewal premiums, 



Total premium income, 

Cash received for interest, 

BS discount on claims paid in advance, 
for rents of company's property, 



Total income, .... 
Net or ledger assets, Dec. 31, 1887, . 



Total, 



$359,597 24 

1,095,232 53 

$1,454,829 77 

506,598 29 

2,540 34 

9,995 88 

$1,973,964 28 

10,919,855 70 



$12,893,819 98 






Disbursements. 

Cash paid for losses and additions, .... 
Premium notes or loans used in payment of same, . 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, . 

Gross amount paid for losses and endowments, 

Cash paid to annuitants, 

Cash paid for surrendered policies, .... 



$867,442 71 

50,546 29 

56,028 66 

3,547 34 

$977,565 00 

3,166 53 

173,484 37 



74 



LIFE INSURANCE COMPANIES [Dec. 31, 



Premium notes or loan- used in purchase <>f surrendered 

policies, and voided by lapse; $34,042 64 

Cash dividends paid policyholders applied in payment of 

premiums 212,360 11 

Premium note- or loans used in payment of dividends, . . 5,827 76 

Total paid policy holders $1,406,446 41 

Cash paid for dividends to stockholders, 32,000 00 

for commissions to agents, 284,781 48 

for salaries and travelling expenses of agents, . 25,075 45 

for medical examiner's fees, 16,938 71 

for salaries of officers and office employees, • . 70,478 97 

for taxes and fees, 16,442 03 

for rent, 13,000 00 

for advertising, 14,646 44 

for incidentals, 36,407 43 

for expenses on real estate, 16,453 98 



Total disbursements, . 
Balance, 



$1,932,670 90 
$10,961,149 08 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
Loans on collateral security (schedule A), 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in ba*nk, 

Ledger assets (as per balance), 



$322,358 83 

3,622,072 13 

4,100,562 50 

906,383 26 

1,815,362 98 

7,893 84 

186,515 54 

$10,961,149 08 



Other Assets. 
Interest due and accrued, .... 
Rents due and accrued, .... 
Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, . 

Total, . 

Deduct loading (20 per cent.),. 

Net am*t of uncollected and deferred prem's, 

Total assets per company's books, . 
Deduct special deposit in other States, . 

Balance, 



$152,754 23 

144,773 22 

$297,527 45 

59,505 49 



115,262 57 

779 17 

227,836 02 



238,021 96 



fll,543,048 80 
22,700 00 

$11,520,348 80 



L888.] OF OTHER STATES. 75 

Liabilities. 

Computed premium reserve or net presenl value of all out- 
stanouig polities (actuaries' 4 per cent.), . . . .$9,996,668 00 

Death losses sod matured endowments in process oi adjust- 
ment . . . 169,029 30 

Unpaid dividends of surplus due policy holders, . . . .032 64 

All other liabilities, 18,500 00 

Gross liabilities pt capital, .... $10,249,2299-4 

Deduct liability on special deposits, .... 22,700 00 

110,226,529 94 
Surplus as regards special policy holder-. . $6,9<">9 12 
Surplus as regards genera] policy holders, . 1,286349 44 

Gross surplus f 1,293,818 86 

Paid-up capital, 100,000 00 

Surplus over capital 1,193,818 86 

Gross liability $11.52' 



Premium Note a< count. 

Premium notes od hand. Deo. 31, 1887, . . $976,428 75 

Premium notes received during 1888, . . 31,798 23 

Total, $1,008,226 98 

I in payment of losses and claims, . . |54,093 63 
1 in payment of surrendered policies and 

voided by lapse 34,042 64 

Used in payment of dividends to policy 

holders 5,827 76 

Redeemed by maker in cash, .... 7,879 69 

Total,.' 101,843 72 

Balance note assets, Dec. 31, 1888, £906,383 26 



Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1887. 

Number. Amount. Total No. Total amount. 

Whole life, .... 11,089 $ 30,635,674 00 
Endowment, . . . 2,938 8,382,937 00 

14,027 $39,018,611 00 



Policies issued, during the Year. 

Whole life, .... 2,727 $8,142,225 00 
Endowment, ... 946 2,840,456 00 
All other, . . . . - 66,605 00 

3,673 11,049,286 00 



76 



LIFE INSURANCE COMPANIES [Dec. 31, 



Whole life,. 
Endowment, 



Old Policies revived. 

Number. Amount. Total No. Total amount. 

3 $7,200 00 

11 23,000 00 
14 $30,200 00 



Total, 17,714 f 50,098,097 00 

Policies terminated during the Year. 

Whole life 1,329 |4,188,599 00 

Endowment, ... 818 2,398,801 00 
All other, .... - 11,224 00 





2,147 


$6,593,684 00 








How terminated. 






By death, . 


296 


$917,989 00 






By maturity, 


36 


59,576 00 






By surrender, 


137 


375,959 00 






By lapse, 


838 


2,074,446 00 






By change and decrease, 


114 


393,737 00 






Not taken, . 


726 


2,771,977 00 


2,147 


6,593,684 00 



Whole life, . 
Endowment, 
All other, . 



Policies in force Dec. 31, 1888. 
. 12,490 $34,601,500 00 
. 3,077 8,847,532 00 
55,381 00 



15,567 $43,504,413 00 



Schedule A. 
Securities held as Collateral. 

Market value. 

Oregon R. R. and Navigation Co.'s bonds, . $5,600 00 

St. Louis and San Francisco Railroad bonds, . 2,000 00 

Central Iowa Railroad bonds, .... 39,600 00 

Bankers 1 and Merchants 1 Telegraph bonds, 
50 shares Union Trust Company, . 

121 " 

200 " 

100 " 
1000 " 
1000 ' 

LOO " 
80 ' 



' Union Trust Company, . 

' Western Union Telegraph Co., 

1 Wagner Palace Car Company, 

1 Weehawken Docks, 

1 Mercantile Trust Company, . 

' Central Park, N. and E. Riv R. R 

« ( ihicago and Northwestern R. R., 

Brooklyn water bonds 

United Slates bonds, 

90 shares N. Y. Central and Hudson River R.R 

25 " Hanover National Bank, . 



30,000 00 

72,600 00 

16,600 00 

10,000 00 

100,000 00 

215,000 00 

8,700 00 

11,200 00 

1,000 00 

540 00 

9,700 00 

5,500 00 



Amount loaned. 

I $5,000 00 

I 40,062 50 
6,000 00 

{ 65,000 00 

25,000 00 

I 100,000 00 

8,000 00 

I 

[ 12,000 00 

J 



1888.] 



OF OTHER STATES. 



77 



80 Bhares Union Trust Co 

100 •• Western Union Telegraph Co., 

40 M National Citizens" Hank, . 

50 " N. Y., New Haven and Hart. R. R., . 
Lehigh and Wilkesbarre Coal Co.'s bonds, 
Oregon Short Line bonds, . 
Consumers Gas Works, State of Penn., bonds. 
Missouri, Kansas and Texas Railroad bonds, . 
son shares Xash, Chattanooga and St. L.R.R., 
St. Louis, Alton and Terre Haute R. R., . 
Lehigh and Wilkesbarre Coal Co.'s bonds, 
100 shares 42d St. and Grand St. Ferry R. R., . 

50 " Western Union Telegraph Co., 
500 " Consolidated Gafi Co., . 
St. Paul, Minneap. and Manitoba R. R. bonds, 
N. Y., Chicago, and St. Louis Railroad bond-, 
Rome, Watertown and ( tgdensburg R. R. bonds, 
Wabash, St. Louis and Pacific R. R. certificates, 
b") shares American Telegraph and Cable Co., 
Christopher and Tenth Street Railroad bond-. 
X. Y. Central and Hudson River R. R. bonds, 
Louisville and Nashville Railroad bonds, 
Missouri, Kansas and Texas Railroad bonds, 
Oregon Short Line bonds, 
22 shares Union Trust Company, 
Union Pacific Railroad bond-. . 
1000 shares Oregon R. R. and Navigation Co. 
1000 " Northern Pacific Railroad Co., 

500 " Western Union Telegraph Co., 
Peoria, Decatur and Evansville R. R. bonds, 
Oregon Short Line bonds, 
Cinn., Jackson and Mackinaw R. R. bonds, 
Detroit, Mackinaw and Marquette R. R. bonds 
Pittsburg and Western R. R. bonds, 
Knoxville and Ohio R. R. bonds, 
500 shares Richmond and W T est Point Ter. R.R., 
Duluth, South Shore and Atlantic R. R. bonds, 
100 shares Missouri Pacific Railroad, 
400 " Central Railroad of New Jersey, 
Duluth, South Shore and Atlantic R. R. bonds 
Knoxville and Ohio Railroad bonds, 
800 shares Western Union Telegraph Co., 
Knoxville and Ohio Railroad bonds, 

100 shares Central Railroad of New Jersey, 

100 " Western Union Telegraph Co., 

200 " Manhattan Railroad, 
1000 " Missouri Pacific Railroad, . 

100 " Cleve., Col., Cinn. and Ind. R. R., 
Union Pacific Railroad bonds, . 



Market value. 

$12,000 00 ^ 

8,300 00 

1,500 00 

12,000 00 

8,400 00 

8,800 00 

1,000 00 j 

12,200 00 ) 

16,400 00 S 

2,100 00 ) 

12,300 00 S 

20,000 00 

t,100 00 i 
40,500 00 S 
5,900 00 ^ 
4,500 00 ' 
2,200 00 
22,200 00 J 
3,600 00 ^ 
1,200 00 
1,000 00 
2,100 00 > 

900 00 
2,200 00 
13,200 00 J 
119,000 00 
92,000 00 I 
42,500 00 \ 
41,500 00^ 
7,200 00 
3,300 00 
1,800 00 
1,500 00 
1,500 00 
5,100 00 
39,500 00 
21,100 00 J 
7,300 00^ 
37,600 00 j 
9,600 00 \ 
1,000 00 I 
66,400 00 J 
10,300 001 
9,400 00 
8,300 00 
18,000 00 
73,000 00 
5,600 00 J 
119,000 00 



Amount loaned. 



* $29,000 00 



22,000 00 

10,000 00 

6,500 00 
28,000 00 

29,000 00 



15,000 00 



100,000 00 
100,000 00 



► 100,000 00 



100,000 00 



y 100,000 oo 



100,000 00 



W 



LIFE INSURANCE COMPANIES [Dec. 31, 



200 shares Lake Shore and Mich. South. R.R. 
Detroit, Bay City and Alpena Railroad bonds 
Chicago, Milwaukee and St. Paul R. R. bonds 
200 shares Missouri Pacific Railroad bonds, 
Union Pacific Railroad bonds, . 
St. Louis, Iron Mt. and South. R. R. bonds, 
Colum., Hocking Val. and Tol. R. R. bonds, 
Chicago and Great Western Railroad bonds, 
Philadelphia and Reading Railroad bonds, 

50 shares Amer. Telegraph and Cable Co., 

10 " United Railroads of New Jersey, 
100 " United States Express, . 
100 " N. Y., Lake Erie and Western R. R. 

50 " Del., Lackawanna and West. R. R. 
Texas and Pacific Railroad bonds, . 
100 shares Missouri Pacific Railroad, 

20 " Chic, Milwaukee and St. Paul R. R. 
100 " Cinn., Ind., St. Louis and Chic. R.R. 
350 " Manhattan Railroad, 

50 " Delaware and Hudson Canal Co., 
100 " Lake Shore and Mich. South. R. R. 
200 " Western Union Telegraph Co., 
St. Louis, Iron Mt. and South. R. R. bonds, 
200 shares Missouri Pacific Railroad, 
200 " Western Union Telegraph Co., 
Toledo, St. Louis and Kansas City R. R. bonds 
St. Joseph and Grand Island R. R. bonds, 
Elizabeth., Lex. and Big Sandy R. R. bonds, 
50 shares Western Union Telegraph Co., 

Long Dock bonds, 

New York, Lake Erie and Western R. R. bonds 
New York and Northern Railroad bonds, 
Texas and Pacific Railroad bonds, . 
Atlantic and Pacific Railroad bonds, 
International and Great Northern R. R. bonds 

10 shares Missouri Pacific Railroad, 
200 " N. Y., Lake Erie and Western R.R. 
Ohio Southern Railroad, .... 
Oregon and Transcontinental Company, . 
Tennessee Coal, Iron and Railroad bonds, 
11G shares Norfolk and Western R.R. pref., 
' Oregon R. R. and Navigation Co., 
1 Western Union Telegraph Co., 
4 Nash., Chattanooga and St. L. R. R. 
' Missouri Pacific Railroad, 
' Western Union Telegraph Co., 
Cairo, Arkansas and Texas Railroad bonds, 
St. L., iron Mountain and Southern R.R. bonds 



200 
300 
100 
550 
450 



Market value. 

$20,800 00 'l 

20,100 00 I 

5,000 00 j> 

u,goo oo I 

1,100 00 J 

2,000 00^ 

2,400 00 

8,000 00 

5,600 00 

4,000 00 

2,000 00 

7,400 00 

2,700 00 

3,600 00 

3,900 00 

7,300 00 

2,000 00 

9,200 00 

31,500 00 

6,600 00 

10,400 00 

16,600 00 J 

34,800 00^ 

14,600 00 < 

16,600 oo ; 

23,200 00^ 
1,000 00 ' 

34,000 00 
4,100 00 J 
5,500 00 ) 
2,300 00 
6,200 00 
3,200 00 
3,900 00 
5,100 00 
700 00 
5,400 00 
2,000 00 

19,100 00 

17,000 00 
5,800 00 

18,400 00 

24,600 00 
2,000 00 J 

40,100 00 



Amount loaned. 



$50,000 00 



> 100,000 00 



50,000 00 



} 50,000 00 



> 100,000 00 



37,300 00 

6,200 00 

43,500 00 



y 100,000 00 



1888.] 



OF OTHEB STATES. 



79 



300 shares Mil., Lake shore and Western R.R. 
\\Y>i shore Railroad bond-, 
100 shares chic, Burlington and Quincy K.H. 
800 - X. V., Lake Erie and Western R.R 
200 M Delaware, Lack, and Western R R. 
100 M Union Pacific Railroad, . 
Columbus, Hocking Val. and Tol. R.R. bonds 
Texas and Pacific Railroad bonds, . 
Philadelphia and Reading Railroad bonds, 
Missouri, Kansas and Texas Railroad bonds, 

800 shares 8t L., Alton and Terre Haute R.R. 

100 " Am. Telegraph and ( able < '<>.. 

100 " Missouri Pacific Railroad, 

360 " Manhattan Railroad, 

300 '• X. V., Lake Erie and West. R. R. 
95 " Chic, Rock Island and Pacific R.R. 

100 " Western Union Telegraph Co., 
50 " E. Tenn., Virginia and Ga. R. R., 
1000 " Union Pacific Railroad, . 
Kansas city and Pacific Railroad bonds, 
300 shares Oregon R. R. and Navigation Co., 
Gulf, Colorado and Santa Fe Railroad bonds, 
Missouri, Kansas and Texas Railroad bonds, 
500 shares Consolidated Gas Company, . 
100 " N. Y., Lake Erie and Western \l.\l. 
100 " Manhattan Railroad, 
100 " Oregon Imp. Company, . 
Evansville and Indianapolis Railroad bonds, 
800 shares Northern Pacific Railroad, 
900 " Oregon R. R. and Navigation Co., 
Union Pacific Railroad bonds, . 
Chicago and Northwestern Railroad bond>, 
Norfolk and Western Railroad bonds, 
l)ul uth, South Shore and Atlantic R. R. bonds 
Toledo, St. Louis and Kansas City R.R. bonds 
Richmond and Alleghany Railroad bonds, 
Detroit, Mackinaw and Marquette R. R. bonds 
100 shares Peoria, Decatur and Evansville R.R. 
Burl., Cedar Rapids and Northern R.R. bonds 
Knoxville and Ohio Railroad bonds, 
325 shares Central Railroad of New Jersey, 
150 " Manhattan Railroad, 

75 " Rome, Watertown and Ogden. R.R. 
Toledo, Ann Arbor and N. Mich. R.R. bonds, 
Oregon Improvement Company bonds, . 
100 shares New York and New England R.R. 
400 " Missouri Pacific Railroad, 
St. Louis, Iron Mount, and South. R. R. bonds 



Market value 

$27,600 00^ 
16,800 00 
L0,900 00 
18,000 00 
14,400 00 
6,400 00 J 
9,600 00 ^ 
5,800 00 
1 1 , 100 00 
6,100 00 
17,000 00 
8,000 00 
7,300 00 
81,500 00 
8,100 00 
9,300 00 
8,800 00 
3,800 no J 
64,000 00 'i 
11,100 00 I 
27,600 00 } 
17,400 00 I 
1,100 00J 
40,500 00^ 
2,700 00 j 
9,000 00 } 
7.100 00 
1,000 00 , 
48,000 00 ) 
82,800 00 S 
119,000 00 
1,400 00^ 
5,400 00 
10,500 00 
20,400 00 
1,100 00 
9,000 00 
2,400 00 

900 00 > 

1,000 00 

30,500 00 

13,500 00 

6,800 00 

11,800 00 

1,000 00 

4,400 00 J 

29,200 00 

34,000 00 



Amount loaned. 



} $100,000 00 



} 100,000 00 



100,000 00 



50,000 00 

100,000 00 
100,000 00 



100,000 00 



50,000 00 



80 



LIFE INSURANCE COMPANIES [Dec. 31, 



500 shares E. Tenn., Virginia and (la. R. R.. 
Columbus, 1 locking- Val. and Tol. R.R. bonds 
100 shares Delaware and Hudson (anal Co., 
200 " Pullman Palace Car Company, 
500 " Western Union Telegraph Co., 
:•»< i<) » Chic, St. Louis and Pittsburg R.R. 
200 " St. Paul and Duluth Railroad, 
40 " N. Y., Providence and Boston R.R 
200 " Consolidated Gas Company, . 
1000 " Western Union Telegraph Co., 
Missouri Pacific Railroad bonds, 
700 shares Mil., Lake Shore and West. R. R., 
400 " Western Union Telegraph Co., 
Union Pacific Railroad bonds, . 
Gulf, Colorado and Santa Fe Railroad bonds, 
Wabash, St. Louis and Pacific Railroad bonds 
Kansas Pacific Railroad bonds, . 
Columbus, Hocking Val. and Tol. R. R. bonds 
200 shares Union Pacific Railroad, . 
200 " ^Vestern Union Telegraph Co., 
300 " Missouri Pacific Railroad, 
N. Y., Lake Erie and Western Railroad bonds 
200 shares Buff., Rochester and Pittsburg R.R. 
Rochester and Pittsburg Railroad bonds, . 
200 shares Marq., Houghton and Onton. R. R. 
100 " Manhattan Railroad, 
Pittsburgh and Western Railroad bonds, . 
100 shares Delaware, Lack, and Western R. R. 
Duluth, South Shore and Atlantic R. R. bonds 
Central Pacific Railroad bonds, 
Denver and Rio Grande Railroad bonds, . 
Southern Pacific Railroad of Arizona bonds, 
Toledo, Ann Arbor and N. Mich. R. R. bonds, 
400 shares Western Union Telegraph Co., 
500 " Missouri Pacific Railroad, ' . 
100 " Wheeling and Lake Erie Railroad, 
St. Louis, Iron Mount, and South. R. R. bonds 
300 shares Western Union Telegraph Co., 
100 " Chicago and Northwestern R. R., 
800 " St. Paul,Minneap. & Manitoba R.R. 
2( )< I " Richmond & W. Pt. Terminal R. R. 
.Memphis and Charleston Railroad bonds, 
Montana Central Railroad bonds, . 
300 shares Manhattan Railroad, 
St. Paul, Minneap. and Manitoba R. R. bonds 
Gal., Ilarrisburg and San Antonio R.R. bonds 
Southern Pacific Railroad of Arizona, 
Southern Pacific Railroad of California, . 
Kentucky Central Railroad bonds, . 



Market value. 

$ 33,500 00 ^ 
4,000 00 
13,200 00 
34,200 00 
41,500 00 J 
10,500 00^ 
7,600 00 
6,200 00 
16,200 00 
83,000 00 J 
153,600 00 
64,400 00 
33,200 00 
119,000 00 
26,100 00^ 
56,500 00 
3,300 00 
4,000 00 
12,800 00 
16,600 00 
21,900 00 J 
150,000 00 
18,000 00^ 
1,500 00 
17,400 00 
9,000 00 [ 
4,600 00 
7,200 00 
3,500 00 j 
76,500 00^ 



Amount loaned. 



> $100,000 00 



100,000 00 

200,000 00 
100,000 00 

> 100,000 00 

100,000 00 

50,000 00 



4,600 00 



33,700 00 
15,000 00 j 
33,200 00^| 



J> 100,000 00 



36,500 00 



5,900 00 
52,200 00 J 
24,900 00^ 
10,800 00 
29,700 00 
15,800 00 

5,200 00 

7,700 00 
27,000 00 

3,800 00 J 
46,500 00^| 
64,600 00 i 
22,200 00 j 

7,300 00 J 



} 100,000 00 



> 100,000 00 



100,000 00 



1888.] 



OF OTHER STATES. 



81 



Providence and Springfield Railroad bond, 

Jersey City bonds 

Missouri, Kansas and Texas Railroad bonds, . 
A\'tst Shore Railroad bonds, .... 

Louisville and Nashville Railroad bonds, 
Atchison and Pike's Peak Railroad bonds, 
Metropolitan Elevated Railroad bonds, . 
Philadelphia and Reading Railroad bonds, 
St Louis, Arkansas and Texas Railroad bonds, 

Boston and Maine Railroad bonds, . 
New York. Chicago and St. Louis R. R. bonds. 
Central Railroad of New Jersey bonds, . 
10 -hart- Pullman Palace Tar Company, 

100 " Western Union Telegraph Co , 

100 " Missouri Pacific Railroad, 

15 " Chicago, Mil., and St. Paul R. R., . 

United States bonds, 

Chicago, Burlington and Quincy bonds, , 
Tennessee Coal. Iron and Railroad bond-. 

Old Colony Railroad bonds 

Texas and Pacific Railroad bonds, . 

100 shares Chicago and E. Illinois Railroad, . 

Northern Pacific Railroad bond-, 

Richmond and West Point Term. R. R. bonds, 

10 shares Chic, St P.,Minneap. & Omaha R.R., 
Missouri Pacific Railroad bonds, 
St. Louis, Iron Mount and South R. R. bonds, 
1000 shares Missouri Pacific Railroad, 

500 " Manhattan Railroad, 
1400 " Western Union Telegraph Co., 

200 " Pullman Palace Car Company, 
Louisville, New Albany and Chic. R. R. bonds, 
200 shares Atch., Topeka and Santa Fe R. R., . 
100 " Chic., Milwaukee and St. Paul R.R., 
400 " Western Union Telegraph Co., 
100 " Harlem Railroad, .... 

20 " Chic, Milwaukee and St. Paul R R., 
200 " Missouri Pacific Railroad, 
Texas and Pacific Railroad bonds, . 

50 shares N. Y., Providence and Boston R R., 
200 " Belleville and Southfn Illinois R R., 
200 " N. Y., Lake Erie and Western R R., 
250 " Manhattan Railroad, 
Missouri, Kansas and Texas Railroad bonds, . 
115 shares Western Union Telegraph Co., 
100 " Missouri Pacific Railroad, 

100 " Lake Shore and Mich. Souttfn R. R., 

101 " American Telegraph and Cable Co., 
300 " St. Louis, Alton & Terre Haute R. R., 



$ 100,000 00 



Market value. Amount loaned. 

§2, 100 00 ^ 
2,200 00 
3,000 00 
2,600 00 
8,000 00 
2,000 00 
6,300 00 
10,100 00 
5,200 00 
2,900 00 
900 00 
1,000 00 
1,700 00 
33,200 00 
7,300 00 
900 00 
2,100 00 
900 00 
4,400 00 
4,400 00 
3,100 00 
9,500 00 
9,700 00 
4,800 00 
900 00 
163,500 001 
152,200 00 
73,000 00 
l."),000 00 
1UV200 00 J 
34,200 00 ) 
11,500 00 
11,600 00 
10,300 00 
33,200 00 
11,800 00 
1,200 00 
14,600 00 j 
7,800 001 
7,700 00 
15,000 00 
5,400 00 
22,500 00 
2,800 00 } 
9,500 00 
7,300 00 
10,400 00 
8,100 00 
25,500 00 J 



400,000 00 



> 100,000 00 



82 



LIFE INSURANCE COMPANIES [Dec. 31, 



Central Pacific Railroad bonds, 

Louisville, New Orleans and Texas R.R. bonds, 
Gal., Harrisbnrg and San Antonio R.R. bonds, 



Market value. 

$ 55,500 00 
34,800 00 
46,500 00 



Amount loaned. 



$100,000 00 



$5,462,4-10 00 $4,100,562 50 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost. 

United States bonds, $513,472 60 

Virginia state bonds, 4,500 00 

Mississippi State bonds, 10,000 00 

New York city bonds, 258,210 50 

New York county bonds, 36,805 00 

Lake Shore and Mich. Southern R. R. bonds, . 237,277 25 

Central Park, North and East River R. R bonds, 1 15,325 00 

Harlem River and Port Chester R. R. bonds, . 102,500 00 

West Shore Railroad first mortgage bonds, . 92,900 00 

Union Pacific Railroad bonds, .... 176,862 63 

Escanaba and Lake Superior Railroad bonds, . 34,800 00 

Albany and Susquehanna Railroad bonds, . 59,000 00 

Ohio and Mississippi Railroad bonds, . . 58,000 00 

Missouri Pacific Railroad bonds, . . . 111,250 00 

50 shares bank of Commerce, New York, stock, 4,460 00 



Market value. 

f635,000 00 

5,950 00 

10,000 00 

316,139 00 

44,710 00 

248,000 00 

118,000 00 

111,000 00 

104,000 00 

177,000 00 

34,500 00 

61,500 00 

59,500 00 

109,000 00 

8,900 00 



$1,815,362 98 $2,043,199 00 



" METROPOLITAN LIFE INSURANCE COMPANY/ 1 NEW YORK. 

[Incorporated June, 1866. Commenced business January, 1867.] 

Paid.up Capital, $500,000. 

Joseph F. Knapp, President. John R. Hegeman, Vicc-Pres. and' Scc'y. 



Income. 
Total premium income, 

Cash received for interest, 

as discount on claims paid in advance, 

for rents of company's property, 

for profits on bonds or stocks sold, . 



Total income, .... 
Fet or ledger assets, Dec. 31, 1887, . 



Total, 



Disbursements. 
Cash paid for losses and additions, .... 
Premium notes or loans used in payment'of same, 
Cash paid for matured endowments and additions,. 
Premium notes or loans used in payment of same, 

Gross amount paid tor losses and endowments, 



$6,810,109 91 

243,818 26 

1,510 87 

22,382 43 

8,397 18 

$7,086,218 65 
4,686,385 12 

$11,772,603 77 



$2,547,325 44 

2,779 84 

2,081 21 

177 79 

$2,552,364 28 



1888.] 



OF OTHER STATES. 



83 



('ash paid for surrendered policies, 
Premium notes or loans used in purchase of surrendered 
policies, and voided by lapse, 

Cash dividends paid policy holders, applied in payment of 
premiums 

Premium notes or loans used in payment of dividends, 
Total paid policy holders, 

Cash paid tor dividends to stockholders, . 
for commissions to agents, 

for salaries and travelling expenses of 
for medical examiner's fees, . 
for salaries of officers and office employ 
. for taxes and fees, .... 
lor reni 

for commuting commissions, . 

tor furniture and office fixtures, 
tor advertising, printing, etc , . 
for incidentals, .... 

Total disbursements, .... 



agents, 



ees, 



Balance, $0,172,159 12 



r>3,734 11 

4,038 35 

20,181 01 
ii.7U 02 

12,623,058 77 

35,000 00 

1,146,067 26 

6'.)2,100 46 

67,970 75 
165,518 37 

51,712 82 

33,200 31 
•V>7,568 0JL 

47,450 65 
104,663 52 

76,131 23 

§5,600,444 65 



Invested in the following: — 

Assets as ter Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
Loans on company's policies assigned as collateral, 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule A), 

Cash in company's office, 

Cash deposited in bank, 

Ledger assets (as per balance), 



6362,708 66 

3,554,900 00 

8,000 00 

124,039 37 

2,075,880 bb 

6,229 45 

39,50 L 09 

16,172,159 12 



Other Assets. 
Interest due and accrued, .... 

Rents due and accrued, . 

Market value of real estate, over cost, . 

Market value of stocks and bonds, over cost, 

Uncollected premiums on policies in force, 

Deferred premiums on policies in force, 

Total 

Deduct loading (25 per cent.), . 

Net am't of uncollected and deferred prem's, 

Total assets per company's books, . 
Deduct special deposits in other States, . 

Balance, 



$19,362 09 
35,096 42 

f54,458 51 
13,614 63 



62,215 42 

808 29 

10,616 44 

1,138 20 



40,843 88 

. $6,287,781 35 
121,225 00 

. f6,166,556 35 



84 



LIFE INSURANCE COMPANIES [Dec. 31, 



Liabilities. 
Computed premium reserve or net present value of all out 

standing policies (actuaries 1 4 per cent.), . 
Policy claims unpaid, ..... 
Unpaid dividends of surplus due policy holders, 
Premiums paid in advance, .... 

Liabilities as to policy holders, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, 

Gross liabilities, 



£709,907 86 



$5,508,732 00 

19,354 75 

4,967 92 

1,335 82 

$5,534,390 49 

77,742 00 

$5,456,648 49 

500,000 00 

2 '9,907 86 

$6,166,556 35 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1887, . . $132,187 23 

Premium notes received during 1888, . . 6,489 14 

Total, $138,676 37 

Used in payment of losses and claims, . . $2,957 63 
Used in payment of surrendered policies and 

voided by lapse, 4,038 35 

Used in payment of dividends to policy holders, 6,741 02 

Total, 13,737 00 

Balance note assets, Dec. 31, 1888, $124,939 37 



Whole life,. 
Endowment, 
All other, . 



Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1887. 



mber. 


Amount. Total No. 


Total amount. 


3,400 


$4,155,272 00 




74 


53,973 00 




50 


63,545 00 


. 




3,524 


$4,272,790 00 



Whole life, . 
Endowment, 
All other, . 



Policies issued and revived during the Year. 

144 $182,140 00 
40 51,500 00 
1 1,795 00 
185 



235,435 00 



Total, 3,709 $4,508,225 00 



Policies terminated during the Year. 
Whole life,. ... 306 $410,02700 
Endowment, ... 15 19,410 00 

Allother, . . . . 9 11,011 00 



880 $440,448 00 



1888.] 


OF 


OTHER 


STATES. 


85 






How terminated. 








Number. 


Amount. Total No. 


Total amount. 


By death, . 


. 


L06 


$110,014 00 




By maturity, 


. 


5 


2,259 00 




W\ expiry, . 


. . 


4 


8,808 00 




By surrender, 


. 


111 


164,324 00 




By lapse, 


. 


94 


129,548 00 




By change and deer 


ease, . 


2 


3,000 00 




Not taken, . 


• 


8 


18,500 00 

330 


$410,448 00 



Whole life,. 
Endowment, 

All other, . 



Policies in force Dec. 31, 18S8. 
. 3,238 $3,927,385 00 
99 80,063 00 

12 54,329 00 



Industrial policies in force, 



3,379 $4,067,777 00 



1,632,642 $176,533,142 00 



Schedule A. 

Bonds owned by the Company. 



United States bonds, .... 

PeekskilJ (X. Y.) bonds 

Albany and Susquehanna Railroad bonds, 
Baltimore and Ohio Railroad bonds, 
Central Ohio Railroad bonds, . 
Chic, St. Paul, Minn, and Omaha R. R. bonds 
Cleveland, Col., Cinn. and End. R. R. bonds, 
Chicago, Milwaukee and St. Paul R. R. bonds 
Chicago and Eastern Illinois Railroad bonds, 
Chicago and Indiana Coal Railroad bonds, 
Chicago and Western Indiana Railroad bonds 
Columbus fend Toledo Railroad bonds, . 
Chicago, Burlington and Northern R. R. bonds 
Canada Southern Railroad bonds, . 
Central of New Jersey Railroad bonds, . 
Cinn , Sandusky and Cleveland R. R. bonds, 
Chicago, Rock Island and Pacific R. R. bonds 
Delaware and Hudson Canal Company bonds 
Detroit, Bay City and Alpena R. R. bonds, 
Duluth and Iron Range Railroad bonds, . 
Fremont, Elkhorn and Miss. Val. R. R. bonds 
Gulf, Colorado and Santa Fe Railroad bonds 
Hannibal and St. Joseph Railroad bonds, 
Louisville, New Albany and Chic. R. R. bonds 
Lake Erie and Western Railroad bonds, . 
Morgan's La. and Tex. R. R and S. S. Co. b'ds 
Missouri Pacific Railroad bonds, 



Cost. 

$343,281 78 

25,872 60 
22,710 00 
54,000 00 

102,500 00 
57,825 00 
33,965 00 

142,612 50 
57,527 50 
46,218 75 
77,125 00 
26,950 00 
52,682 50 
53,647 50 

100,750 00 
25,375 00 
26,968 75 
18,720 00 
52,968 75 
28,364 16 
77,229 37 
61,625 00 
30,386 25 
60,270 00 
9,462 64 
26,750 00 
56,312 50 



Market value. 

$358,637 50 

35,000 00 

26,800 00 

54,000 00 

102,500 00 

59,625 00 

34,945 00 

140,842 50 

58,625 00 

50,750 00 

78,390 00 

25,300 00 

49,000 00 

54,625 00 

108,500 00 

25,625 00 

26,781 25 

18,640 00 

53,375 00 

30,070 00 

78,720 00 

59,500 00 

30,000 00 

63,472 50 

9,765 00 

27,750 00 

55,000 00 



86 



LIFE INSURANCE COMPANIES [Dec. 31, 



Mil., Lake Shore and Western R. R bonds, 
Mobile ;unl Girard Railroad bonds, . 
Minneapolis and St. Louis Railroad bonds, 
Northern Illinois Railroad bonds, 

Northern Pacific Railroad bonds, 
St. Joseph and Grand Island Railroad bonds, 
St. Panl and Northern Pacific Railroad bonds, 
Toledo, Ann Arbor and G. Trunk R. R. bonds, 
Terre Haute and Indianapolis Railroad bonds, 
Western X. Y. and Pennsylvania R. R. bonds, 



Cost. 

$30,093 75 
45,000 00 
29,500 00 
2G,750 00 
56,400 00 
52,781 25 
58,092 50 
26,437 50 
25,625 00 
52,500 00 



Market value. 

$29,500 00 
45,000 00 
20,000 00 
27,000 00 
55,200 00 
51,750 00 
60,000 00 
26,250 00 
25,750 00 
20,330 00 



1,075,880 55 $2,077,018 75 



'THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK, 11 

NEW YORK, N. Y. 

[Incorporated April, 1842. Commenced business Feb. 1, 1843.] 

Richard A. McCurdy, President. William J. Easton, Sec?*etary. 



Income. 

New premiums without deductions, 

Renewal premiums, 

Cash received for annuities, .... 

Total premium income, .... 
Cash received for interest, .... 
for rents of company's property, 
for profits on bonds or stocks sold, 



Total income, .... 
Net or ledger assets, Dec. 31, 1887, . 



Total, 



$6,435,152 81 

12,708,074 36 

301,080 58 



$19,444,307 75 

. 5,676,938 65 

384,580 40 

710,105 72 

$26,215,932 52 

110,061,718 68 

$130,277,651 20 



Disbursements. 
Cash paid for losses and additions, .... 
Cash paid for matured endowments and additions, . 



. $7,231,665 07 
. 2,195,091 30 



Gross amount paid for losses and endowments, . . $9,426,756 37 

( lash paid to annuitants, 49,702 44 

( !asfa paid for surrendered policies, and additions, . . . 3,099,251 68 
Cash dividends paid policy holders, applied in payment of 

premiums, 2,151,839 73 



Total paid policy holders, 

Cash paid for commissions to agents, . . . . 

for salaries and expenses of law department,. 
for medical examiner's fees and salaries, 



$14,727,550 22 

. 3,170,578 96 

166,593 19 

195,857 18 



L888.] 



OF OTIIKR STATES. 



87 



Cash paid for salaries of officers and office employ* 

for taxes and fees, 

for rent, 

for advertising, 

for incidentals, 

Total disbursements, 

Balance, 

Invested in the following: — 

Assets as fer Ledger Accounts 

Value of real estate 

Loans on mortgage of real estate (first liens), 

Loans OD collateral security (schedule A), 

Tar value of Btocks and bonds owned (schedule B) 

Cash in company's office and in bank, 

Bills receivable, 

Agents 1 ledger balances, 

Ledger assets (as per balance), 



$343,604 33 

305,273 50 

85,671 00 

124,247 16 

580,281 99 

$19,699,657 53 
^116,577,993 67 



§11,753,125 34 

19,617,874 02 

10,033,000 00 

42,207,856 14 

2313,277 60 

127,393 85 

25,466 72 



1116,577,993 67 



Other Assets. 

Interest due and accrued 

Market value of stocks and bonds, over par, 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, . 

Total 

Deduct loading (20 per cent.),. 

Net am'tof uncollected and deferred prem's, 



922,440 58 
6,408,848 00 



|558,027 29 

1,614,844 02 

§2,172,871 31 

4:54,574 26 



Total assets per company's books, . 

Items not Admitted. 
Agents' balances, 

Bills receivable, 

Total 

Total admitted assets, 
Deduct special deposits in other States, . 

Balance, 



1,738,297 05 



$125,647,579 30 



$25,466 72 
127,393 85 



152,860 57 

$125,494,718 73 
742,145 81 



§124,752,572 92 



Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (actuaries 1 4 per cent.), . . . $116,954,082 00 



Matured endowments due and unpaid, 
Death losses in process of adjustment, 
Claims resisted by the company, 
Total policy claims, 



$71,818 14 
190,065 44 
142,699 00 



404,582 58 



88 



LIFE INSURANCE COMPANIES [Dec. 31, 



Premiums paid in advance, 
Liability under non-i'oriVituie clause, 

Liabilities as to policy holders,. 

Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Gross liabilities, 



$105,423 35 
09,701 00 



$117,533,788 93 
676,091 00 

§ 116,857,697 93 
7,891,874 99 

$124,752,572 92 



Exhibit of Policies. 
Policies and Additions in Force Dec. 31, 1887. 



Whole life,. 
Endowment, 
All other, . 
Reversionary additions, 



Number. Amount. Total No. Total amount. 

.108,893 §319,823,771 00 

. 31,923 80,737,605 00 

14 7,700 00 

27,014,283 00 

140,830 $427,583,359 00 



Whole life, 
Endowment, 
All other, . 



Policies issued during the Year. 

. 26,524 §83,843,453 00 

. 4,554 11,740,780 00 

2 625 00 



31,080 95,584,858 00 



Old Policies revived. 



Whole life, . 


. 


. 1,114 $3,299,610 00 






Endowment, 


• 


339 818,850 00 


1,453 


4,118,460 00 






Old Policies changed. 


Whole life, 


. 


45 $115,000 00 






Endowment, 


• 


19 58,000 00 


64 


173,000 00 
3,469,716 00 


Additions by 


dividends, 





Total, . 



173,427 $530,929,393 00 



Policies terminated during the Year. 
Whole life, . . . 11,400 $35,444,283 00 
Endowment, . . . 3,835 9,515,240 00 
All other, .... 2 625 00 

Reversions - 8,918,666 00 



15,287 $48,878,814 00 



L888. 


OF 


OTIIKR STATES. 
How terminal* d. 


89 






Number. 


Amount. Total No. 


Total amount. 


By death, . 


. 


2.072 


126 00 




By maturity, 


, . 




2,227,226 00 




cpiry, . 


. 


11 


41,760 00 




By surrender, 


. 


-7 


00 




By lapse, 


. 


5,647 


14396,223 00 




By change and d 


»creaa 


64 


745,483 00 




Not taken. . 


• 


4,187 


14,041,973 00 

15,237 


1 00 



Whole lit'.-. 
Endowment, 
All other. . 
Reversionary addition: 



Policies in force Dec. 32, 1SS8. 
.125,170 1371,637,551 00 
. 33,000 83.- 00 

14 7,700 00 

. - 26,565,333 00 



158,190 1482,050,579 00 



- BBDULE A. 

Securities h* Id as OottaU ral. 

ket value. 

Chicago and Northwestern -rock, . . . f 10*800 00 

Chicago, St Paul, Minneapolis and Omaha, . 11.025 00 

Kansas Pacific bonds 60 00 

Georgia Railroad and Banking Co stock, . 20,000 00 

Delaware, Lackawanna and Western stock, . 144,000 00 

North Hudson County Railway Company, . 100,125 

Philadelphia and Beading general bonds, . 18,000 00 

Chi., Mil and St. Paul. Lacrosse and Dav. bond-. 15,300 00 

Midland of New Jersey bonds, . . . 13,800 00 

Memphis and Charleston bonds, . . . 10,400 00 

New York. Susquehanna and Western bonds, 14,250 00 

Memphis, Tennessee, bonds, .... 4,900 00 

South Carolina bond- 14.400 00 

Richmond and Danville bonds, . . . 30,100 00 

East Tennessee, Virginia and Georgia bonds, 20,400 00 

Knoxville and Ohio bonds, .... 61,80000 

Merchants' Natl Bank of Savannah, Ga., stock, 11,250 00 

Lehigh Coal and Navigation Company stock, . 30,600 00 

Lehigh Valley Railroad stock. . . . 70,850 00 

Chicago and Northwestern stock, . . . 24,300 00 

Western Railroad of Alabama bonds, . . 447,000 00 

Chicago and Northwestern stock, . . . 151.200 00 

Manhattan Elevated stock, .... 45,000 00 

Consolidated Gas Company stock, . . . 16,400 00 

Chesapeake and Ohio extended bonds, . . 14,000 00 

St. Paul. Minn. Cable consolidated bonds, . 9,000 00 

Delaware, Lackawanna and Western stock, . 122,400 00 

Silver Springs, Ocala and Gulf bonds, . . 37,500 00 



Amount loaned. 



.000 00 
15,000 00 
7",000 00 
50,000 00 



100,000 00 

50,000 00 
8,500 00 

75,000 00 

20,000 00 

372,000 00 

150,000 00 



28,000 00 

100,000 00 

30,000 00 



90 



LIFE INSURANCE COMPANIES [Dec. 31, 



East Tenn., Va. and Ga. consolidated bonds, 

St. Paul and Dnlntli bonds, 

Illinois Central bonds, .... 

Illinois Central bonds, .... 
James River Valley (Xo. Pac.) bonds, . 
Jersey City, N. J., bonds, 
Pittsburgh and Western bonds, 
Central Pacific Land Grant bonds, . 
First National Bank stock, 
National Bank of Republic stock, . 
Central Railroad of New Jersey stock, . 
Richmond and West Point Terminal bonds, 
Virginia Midland (3d series) bonds, 
Schuylkill River East Side bonds, . 

Central Ohio stock, 

Virginia Midland bonds, .... 
Atlanta and West Point Railroad cert, of ind 
Georgia Pacific bonds, .... 
Chicago, Milwaukee and St. Paul pref . stock, 
Evansville and Terre Haute stock, . 
St. Paul, Minn., Cable consolidated bonds, 
Georgia Railroad and Banking Co. stock, 
Chicago, Milwaukee and St. Paul stock, 
Canadian Pacific stock, .... 
New York Central stock, .... 
Evansville and Terre Haute stock, . 
Delaware, Lackawanna and Western stock, 
Syracuse, Bingham ton and New York bonds, 
Chic, Mil and St. Paul, Wis. and Minn Div bonds 
Missouri, Kansas and Texas bonds, 
Virginia Midland bonds, .... 
Forty-second St. and Grand St. Ferry stock, 
Atlantic Trust Company stock, 
Chic, Mil. and St. Paul (So. Minn. Div.) bonds 
Pullman Palace Car Company stock, 
Pullman Palace Car Company stock, 
Chicago and Northwestern stock, 
Chicago, St. Paul, Minneap. and Omaha stock 
St. Paul, Minneapolis and Manitoba stock, 
Delaware, Lackawanna and Western stock, 
Consolidated Gas Company stock, . 
Chicago, St. Paul, Minneap. and Omaha stock 
Second Avenue Railroad stock, 
National Park Bank stock, 
Central Crosstown stock, .... 
Southwestern Railroad of Georgia stock, 
Morgan's La. and Texas 11. R. and 8. S. stock, 
Kentucky Central bonds, .... 
Central Pacific bonds, .... 



Market value. 

$ 20,400 00 

10,000 00 

117,300 00 

122,400 00 

2,080 00 

1,100 00 

3,800 00 

40,000 00 

2,000,000 00 

150,000 00 

940,000 00 

485,000 00 

60,780 00 

69,680 00 

75,000 00 

63,600 00 

440,900 00 

63,000 00 

51,500 00 

12,750 00 

36,000 00 

20,000 00 

10,300 00 

7,950 00 

32,400 00 

25,500 00 

7,200 00 

5,400 00 

7,070 00 

1,800 00 

24,000 00 

45,800 00 

7,500 00 

4,520 00 

136,800 00 

68,400 00 

54,000 00 

18,600 00 

19,800 00 

21,600 00 

16,400 00 

4,650 00 

9,500 00 

18,900 00 

28,000 00 

312,000 00 

50,000 00 

210,000 00 

300,000 00 



Amount loaned. 

$25,000 00 

95,000 00 

100,000 00 



3,000 00 
25,000 00 



600,000 00 

100,000 00 

100,000 00 

300,000 00 

50,000 00 

50,000 00 
30,000 00 
16,000 00 



100,000 00 
32,000 00 

9,000 00 

100,000 00 

50,000 00 



105,000 00 



50,000 00 
250,000 00 



1888.] 



OF OTHEE STATES. 



91 



Louisiana, New Orleans and Texas bonds, 
Central Pacific Land Grant bonds, . 
Morgan's La and Texas K R. and s. s. Btock 

( Central Pacific bonds 

Kentucky ( !entral bonds, .... 
Oregon and California bonds, . 
Louisville. New Orleans and Texas bonds, 

Central Pacific bonds 

Louisville, New Orleans and Texas bonds, 
Dunbertfa and Dubuque Bridge Co stock, 

Iowa Tails and SioUX City bonds, 

Chicago, St. Louis and New Orleans bonds, 
Mississippi and Tennessee bonds, 
Mississippi and Tennessee bonds, . 
Cincinnati, Indianapolis, Si L and Chi stock, 

New York. New Haven and Hartford stock, 

Chicago, Mil. and St. Paul preferred stock, 
Duluth and Iron Range bonds,. 
Burlington, Cedar Rapids and Missouri bonds 
Western Union Colorado Trust bonds, 
Chic, Mil. and St. Paul Land Grant bonds, 
Dakota and Great Southern (St Paul) bonds 
Chicago and Northwestern stock, 
Chic, Burlington and Quincy, la. Div., bonds, 
Lake Shore and Michigan Southern bonds. 
Chicago, Milwaukee and St. Paul Term'l bonds, 
Chic .Burlington and Quincy, Neb. extn. bonds, 
Hannibal and St. Joseph 6 per cent, cons bonds, 
Chic, Rock Island and Pacific bond-. 
Green Point Ferry Co. bond-. . 
Chicago and Northwestern preferred stock, 
Hannibal and St. Joseph consolidated bonds, 
Chicago, Rock Island and Pacific bonds, . 
Chicago and Northwestern gold bonds, . 

Canada Southern bonds, 

Louisville. New Albany and Chic. con. bonds 
Chi. Burlington and Quincy, Ta. Div. bonds, 
Lake Shore and Michigan Southern bonds, 
Chi., Milwaukee and St. Paul Term'l bonds, 
Illinois Central stock, .... 
Missouri Pacific stock, .... 
Canada Southern stock, .... 
Delaware aud Hudson stock, . 
Delaware, Lackawanna and Western stock, 
Chi , Milwaukee and St. Paul preferred stock 
International and Great Northern bonds, 
Central Railroad of New Jersey bonds, . 
Milwaukee, Lake Shore and Western bonds, 
New York, Susquehanna and Western bonds, 



Market value. 

|30,000 00 
68,000 00 
50,000 00 

300,000 00 

1 1 1), 000 00 

68,000 00 

90,000 00 

500,000 00 

180,000 00 

363,000 00 

210,255 00 

230,000 00 

150,000 00 

600,000 00 

184,000 00 

18,000 00 

10,300 00 

9,700 00 

L<»00 00 

15,160 00 

25,000 00 

18,000 00 

200 00 

4.700 00 

48,060 00 

35,700 00 

10,340 00 

60,000 00 

2,140 00 

<>00 00 

14,100 00 

30,000 00 

48,150 00 

6,400 00 % 

1,090 00 

4,600 00 

3,760 00 

6,150 00 

5,100 00 

11,400 00 

21,900 00 

5,200 00 

46,200 00 

14,400 00 

20,600 00 

27,300 00 

5,400 00 

9,000 00 

23,750 00 



Amount loaned. 



£500,000 00 



500,000 00 

500,000 00 

300,000 00 



500,000 00 

500,000 00 
100,000 00 



100,000 00 



100,000 00 

50,000 00 
20,000 00 



100,000 00 



92 



LIFE INSURANCE COMPANIES [Dec. 31, 



New York, Chicago and St. Louis bonds, 

Lehigh and Wilkesbarre bonds, 

Poughkeepsie, N. Y., water bonds, . 

West Shore bonds, .... 

American Express Company stock, 

Chicago, Rock Island and Pacific stock, 

Delaware, Lackawanna and "Western stock, 

Chicago, Milwaukee and St. Paul bonds, 

Morgan's Louisiana and Texas Railroad bonds, 

Dakota and Great Southern (St. Paul) bonds, 

Utah Southern bonds, 

Denver and Rio Grande bonds, 

Milwaukee and Northern bonds, 

Oregon Improvement bonds, . 

Gulf, Colorado and Santa Fe bonds, 

Atchison, Colorado and Pacific bonds, 

Metropolitan Elevated bonds, . 

Central Railroad of X. J., convertible bonds, 

Chicago, Milwaukee and St. Paul gold bonds 

Missouri Pacific consolidated bonds, 

Erie first consolidated bonds, . 

Chicago and Northwestern bonds, . 

Chicago and Northwestern bonds, . 

Lake Shore and Michigan Southern bonds, 

Duluth and Manitoba bonds, . 

Texas and Pacific bonds, .... 

Pittsburgh and Western bonds, 

Canada Southern bonds, .... 

Erie first consolidated bonds, . 

Chicago, Mil. and St. Paul Terminal bonds, 

Consolidated Gas Company stock, . 

Oregon Railway and Navigation Co. bonds, 

Erie first consolidated bonds, . 

New Y r ork and Harlem bonds, 

St. Paul, Minneapolis and Manitoba bonds, 

Erie first consolidated funded bonds, 

St. Paul and Sioux City bonds, 

Metropolitan Elevated bonds, 

Pittsburgh and Western bonds, 

Chicago and Northwestern stock, 

New York Central stock, .... 

Delaware, Lackawanna and Western stock, 

Consolidated Gas Company stock, . 

Toledo, Ann Arbor and No. Michigan bonds, 

Oregon Railway and Navigation Co. stock, 

West Shore bonds, 

Bscanaba and Lake Superior bonds, 

Detroit, Monroe and Toledo bonds, . 

Chicago and Northwestern stock, 



Market value. 

$ 20,020 00 
11,500 00 
1,100 00 
36,400 00 
2,750 00 
13,720 00 
28,800 00 
0,000 00 
5,950 00 
2,700 00 
32,240 00 
3,850 00 
5,300 00 
5,200 00 
8,700 00 
11,330 00 
3,450 00 
25,410 00 
51,250 00 
19,800 00 
21,760 00 
2,100 00 
1,180 00 
6,150 00 
10,000 00 
1,800 00 
7,600 00 
1,090 00 
31,280 00 
2,040 00 
32,800 00 
1,120 00 
13,600 00 
18,200 00 
23,400 00 
14,740 00 
6,100 00 
5,750 00 
7,600 00 
14,040 00 
10,800 00 
7,200 00 
8,200 00 
24,500 00 
9,200 00 
31,200 00 
11,200 00 
13,000 00 
70,848 00 



Amount loaned. 



200,000 00 



100,000 00 



100,0 00 



50,000 00 



100,000 00 



50,000 00 



50,000 00 



1888.] 



OF OTHER STATES. 



93 



Missouri Pacific stock, 

st I. . Iron Mt. and So. cons. 5 per pent bonds, 

Cloud County Kansas bonds, . 

Jackson County, Missouri, bonds, . 

Coffey County, Kansas, bonds, . 

Ottawa County, Kansas, bonds, 

Wilson County, Kansas, bonds, 

Kaw Township, Missouri, bonds, 

Baker Township, Kansas, bonds, 

Sheridan Township, Kansas, bonds, 

Coffey County, Kansas, bonds, 

Roseville, Illinois, bonds, 

Ottawa County, Kansas, bonds, 

Cloud County. Kansas, bonds, . 

Louisville and Nashville general bonds, 

Boston, II. T. and West. dob. 5 percent, bonds 

Richmond and Danville consolidated bonds, 

Oregon Short Line first bonds, 

Georgia (State) 4.\ per cent, bonds, . 

Delaware and Hudson Canal Company stock, 

Rensselaer and Saratoga stock, 

Oregon Railway and Navigation Co. stock, 

Michigan Central bonds, .... 

Northern Pacific bonds, .... 

Delaware and Hudson Canal Company stock, 

Oregon Railway and Navigation Co. stock, 

Northern Pacific bonds, .... 

Chicago and Northwestern stock, 

Lake Shore and Michigan Southern stock, 

Rensselaer and Saratoga stock, 

Northern Pacific bonds, .... 

Philadelphia and Reading general bonds, 

Northern Pacific bonds, .... 

Chi , Milwaukee and St. Paul preferred stock 

South Carolina 6 per cent. Brown bonds, 

Philadelphia and Reading bonds, 

Brooklyn Trust Company stock, 

Central Trust Company stock, 

New York Life Insurance and Trust Co. stock 

Mercantile Trust Company stock, . 

United States Trust Company stock, 

Mexican Telegraph Company stock, 

X. Y. Guarantee and Indemnity Co. stock, 

Continental Fire Insurance Company stock, 

Fulton Municipal Gas Company stock, . 

Lake Shore and Michigan Southern stock, 

Central Trust Company stock, . 

Central Trust Company stock, . 

Farmer's Loan and Trust Company stock, 



Market value. 

(1 1,600 00 

38,250 00 
2,160 00 
2,040 00 
1,040 00 
2,100 00 
1,030 00 
2,000 00 
1,000 00 
3,000 00 
1,040 00 
1,000 00 
5,400 00 
2,160 00 
11,100 00 
17,640 00 
11,700 00 
11,200 00 
11,000 00 
52,800 00 
17.000 00 
9,200 00 
26,000 00 
24,420 00 
26,400 00 
9,200 00 
33,870 00 
5,400 00 
10,400 00 
17,000 00 
19,980 00 
9,000 00 
61,050 00 
51,500 00 
2,000 00 
10,800 00 
62,000 00 
168,000 00 
23,200 00 
5,250 00 
7,670 00 
4,750 00 
7,480 00 
3,500 00 
6,500 00 
5,670 00 
150,000 00 
120,000 00 
54,000 00 



Amount loaned. 



$100,000 00 



7,500 00 



13,000 00 



40,000 00 
9,000 00 



100,000 00 
50,000 00 



50,000 00 
50,000 00 



50,000 00 



224,000 00 
40,000 00 

115,000 00 



94 



LIFE INSURANCE COMPANIES [Dec. 31, 



Western Union stock, .... 

St. Louis and Sun Francisco stock, . 

Atchison, Colorado and Pacific bonds, 

Oregon Railway and Xav. Co. cons, bonds, 

Erie second consolidated bonds, 

Philadelphia and Reading bonds, 

Bank of Minnesota, St. Paul, Minn., stock, 

Georgia Railroad and Banking Co. stock, 

Georgia Railroad and Banking Co. stock, 

Savannah, Florida and Western bonds, . 

Savannah, Florida and Western bonds, . 

Delaware and Hudson Canal Company stock 

Long Island Railroad stock, 

Chicago, Burlington and Quincy deb. bonds, 

Brooklyn, N. Y , bonds, .... 

Canada Southern bonds, .... 

Lehigh and Wilkesbarre consolidated bonds, 

Iowa Midland bonds, .... 

Chicago and Northwestern bonds, . 

Bank of New York stock, 

Delaware and Hudson Canal Company stock 

Missouri Pacific consolidated bonds, 

Texas and Pacific bonds, .... 

Metropolitan Elevated bonds, . 

Chicago, Milwaukee and St. Paul bonds, 

Oregon Railway and Navigation Co. bonds, 

Kansas Pacific consolidated bonds, . 

East Tenn., Ya. and Ga. consolidated bonds, 

Houston and Texas Central bonds, . 

Long Island Loan and Trust Company stock, 

Evansvillc and Indianapolis bonds, . 

Evansville and Indianapolis bonds, . 

Nassau Trust Company stock, 

Atlantic Trust Company stock, 

St. Paul and Duluth bonds, 

St. Paul and Duluth bonds, 

Pullman Palace Car Company stock, 

Chicago and Northwestern stock, 

United New Jersey It. R and Canal Co. stock 

Mutual Union Telegraph Company bonds, 

Delaware, Lackawanna and Western stock, 

Richmond and West Point Terminal Co. bonds, 

Chi., Mihv'kec and St. P'l S. Minn. Div. bonds, 

West .Jersey and Atlantic stock, 

Brooklyn Crosstown Railroad stock, 

Fort Worth and Denver City bonds, 

Trinity Church Corporation, 

( Heyeland and ( lanton bonds, . 

Providence and Worcester Railroad stock, 



Market value. 

$8,300 00 
44,800 00 
20,600 00 
20,200 00 
9,800 00 
18,000 00 
7,000 00 
80,000 00 
67,000 00 
120,000 00 
240,000 00 
13,200 00 
23,000 00 
5,200 00 
21,000 00 
7,630 00 
13,800 00 
11,880 00 
17,120 00 
5,750 00 
1,320 00 
11,000 00 
900 00 
11,500 00 
5,000 00 
11,200 00 
1,120 00 
5,100 00 
8,050 00 
4,000 00 
60,000 00 
60,000 00 
12,500 00 
60,000 00 
375,000 00 
250,000 00 
51,300 00 
10,800 00 
5,967 00 
9,800 00 
108,000 00 
9,700 00 
6,780 00 
9,500 00 
15,900 00 
67,500 00 
70,000 00 
180,000 00 
62,500 00 



Amount loaned. 



$100,000 00 

5,500 00 

37,500 00 

52,000 00 

100,000 00 

200,000 00 



75,000 00 



50,000 00 

3,000 00 

50,000 00 

50,000 00 

30,000 00 
300,000 00 
200,000 00 

50,000 00 

10,000 00 



100,000 00 

6,000 00 

12,000 00 

50,000 00 

55,000 00 

100,000 00 
50,000 00 






OF OTIIKU STATES. 



95 



Chicago, Rock Island and Pacific stock, . 
Pennsylvania Railroad -t<» t -k. . 
New York, Chicago and St Louis bond9, 
Tennessee Settlement bonds, . 
Pennsylvania Railroad stock, . 

Hank of New York 

Union Trust 

Pennsylvania Railroad stock. . 

st Tenn., Va and Georgia Division bonds 
Memphis and Charleston bonds, 
Louisville, New Orleans and Texas bonds, 



Market value. 

.400 00 

10,700 00 

39,130 00 

46,720 00 

77,789 00 

23,000 00 

00 

00 

B,160 00 

61,000 00 

60,000 00 



Amount loaned. 



$100,000 00 



'0 00 



.000 00 



115,996,229 00 $10,038,000 00 



Schedule B. 
d Bond* by the Company. 



_u»ta. (.a., bonds, . 
Atlanta, Ga,, 
Atchison County. Kan. 
Boston, Mass . ■ 
Brooklyn, N. V.. 
Butler County, O., . 
Council Bluffs, la.. . 
Columbus. ( > . . 
District of Columbia, 
Duluth, Minn., . 
Moines, la., 
Douglas County. Neb , 
Elizabeth, X. J., 
Franklin County, Ky., 
Franklin County, O., 
Georgia State. . 
Guelph. Ontario, Can., 
Galveston, Tex., 
Hancock County, O., 
Hennepin County, Minn., 
Hudson County. X. J., 
Hyde Park Village, 111., 
Jackson, Mich , . 
Jersey City, X. J., . 
Joliet, 111., 
Lake, Illinois, . 
Lincoln, Xeb., . 
Mississippi, State Treasury cert, of dep., 
Milwaukee County, Wis., 
Minneapolis, Minn., . 



|15,000 00 
77,000 00 

118,000 00 

100,4 00 00 

138,000 00 

.000 00 

lo,000 00 

."in.) 00 

322,100 00 
50,000 00 
47,000 00 
58,000 00 

336,000 00 

62,000 00 

5",000 00 

1,153,000 00 

97,333 33 

333,000 00 
35,000 00 

200,000 00 

300,000 00 
50,000 00 
65,000 00 

516,000 00 
50,000 00 

100,000 00 

100,000 00 
20,000 00 
88,000 00 

200,000 00 



Market value. 

|16,962 

83,608 00 

125.<'73 00 

478,000 00 

.,470 00 

77,652 00 

40,800 00 

•M,205 00 

386,374 00 

_',540 00 

48,076 00 

60,134 00 

302,400 00 

64,170 00 

53,210 00 

1,201,600 00 

103,173 33 

327,343 00 

3G,281 00 

202,000 00 

341,190 00 

52,705 00 

68,458 00 

575,404 00 

52,690 00 

102,750 00 

98,810 00 

20,000 00 

95,084 00 

203,500 00 



96 



LIFE INSURANCE COMPANIES [Dec. 31, 



Memphis, Term., 
Mamaroneck, N. Y., 

Marion County, hid., 

Newark, X. J., . 

New Brunswick, X. J., 

Nashville, Term , 

New York City, 

Orange, X. J., . 

Owen County, Kv., . 

Omaha, Neb., . 

Ramsay County, Minn., . 

St Paul, .Minn., 

Savannah, Ga., . 

Shawnee County, Kan., 

San Francisco, Cal., 

San Antonio, Tex., . 

Sioux City, la., 

Sedgwick County, Kan., . 

Tennessee State, 

United States, . 

Woodbury County, la., 

British Consols, 

Victorian Government stock, 

Certificate of Dep. of State Bank of St. Louis 

Atlantic and Gulf, 

Albany and Susquehanna, 

Atlanta and Charlotte Air Line, 

Bleecker St. and Fulton Ferry R. R 

Baltimore and Ohio, Parkersburg Br., 

Cedar Rapid, la., Falls and No. W. 1st, 

Chicago and St. Louis 1st, 

California Southern, 

Covington and Lexington, 

Charlotte, Columbia and Augusta, . 

Clev., Col.,Cin. and hid., 

Cincinnati and Springfield, 

Cincinnati, Ham. and Dayton, . 

Chicago and Southwestern, 

Chicago, Milwaukee and St. Paul, . 

Central Railroad and Banking Co. of Ga 

Ches. and Ohio, .... 

Chicago and Eastern Illinois, . 

Columbus and Toledo, 

Chicago and Northwestern, 

Chicago, St. Paul, Minnesota and Omaha 

Cleveland, Lorain and Wheeling 1st, 

Columbus and Indiana Central, 

Central Park, North and East River, 

Cincinnati, Ind., St. Louis and Chicago, 



Cost. 

$ 100,000 00 

30,000 00 

40,000 00 

410,000 00 

108,300 00 

370,000 00 

500,000 00 

25,000 00 

100,000 00 

215,000 00 

300,000 00 

575,000 00 

30,000 00 

30,000 00 

339,500 00 

150,000 00 

50,000 00 

200,000 00 

300,000 00 

2,260,000 00 

125,000 00 

99,422 81 

24,250 00 

25,000 00 

217,000 00 

1,000,000 00 

269,000 00 

35,000 00 

100,000 00 

248,000 00 

74,000 00 

300,000 00 

100,000 00 

88,000 00 

283,000 00 

250,000 00 

350,000 00 

150,000 00 

1,856,000 00 

695,000 00 

461,000 00 

50,000 00 

130,000 00 

1,840,000 00 

500,000 00 

210,000 00 

104,000 00 

100,000 00 

200,000 00 



Market value 

£98,200 00 

32,046 00 

40,392 00 

513,988 00 

112,314 00 

401,456 00 

652,800 00 

25,520 00 

101,670 00 

215,815 00 

304,935 00 

600,010 00 

30.249 00 
32,256 00 

353,080 00 
157,380 00 

50,210 00 

205,000 00 

210,000 00 

2,870,500 00 

125,000 00 

99,422 81 

24.250 00 
25,000 00 

246.751 00 
1,278,100 00 

217,278 00 

40,068 00 

117,010 00 

241,470 00 

86,210 00 

315,000 00 

100,420 00 

96,078 00 

362.752 00 
291,835 00 
400,763 00 
182,190 00 

2,042,964 00 

751,365 00 

504,657 00 

58,000 00 

151,021 00 

2,128,826 00 
592,500 00 
241,592 00 
116,577 00 
119,580 00 
187,340 00 



L888.] 



OF OTHER STATES. 



1)7 



Citizens 1 Gas Light Co., Brooklyn, . 

Corrigan Consolidated St. Railway, Kan. City, 

( lhateaugay Railway, 

Delaware Hudson (anal Co., . 

Duluth and Manitoba, 

£as( Tennessee, Virginia and Georgia, 

Eastern Railway of .Minnesota, 

Erie 1st, consolidated, 

Elmira, Cortlandl and Northern, 

Eyansville and Terre Haute, . 

Flint and Pere Marquette, 

Georgia Pacific, .... 

Georgia EL R. and Banking Co., 

Galveston liar, and San Antonio, 

Grand Rapids, Lansing and Detroit, 

Gulf, Colorado and Santa Fe, . 

Honsatonic Railroad, 

Hackensack Water Co., . 

Hannibal and St Joseph, 

Houston and Texas, 

Indianap , Decatur and Springfield, 
Indianap., Bloom, and Western, 

Indianap. and St. Louis, . 

flames River Valley, 

Jeffersonville, Madison and Ind., . 

Jefferson Railroad, .... 

Kansas City, St. Jo. and Council Blurt's, 

Louisville, Northern Alabama and Chic 

Lake Shore and Michigan Southern, 

Lake Erie and Western, . 

Long Branch Water Supply Co., 

Morgan, Louisiana and Texas R. R. and S. S 

Michigan Central, .... 

Morris and Essex, .... 

Mobile and Ohio, .... 

Memphis and Charleston, 

Mobile and Girard, . . 

Montgomery and Eufaula, 

Minneapolis and St. Louis, 

Milwaukee and Northern, 

Minneapolis Gas Light Co., 

Minneapolis Street Railway, 

Municipal Gas Light Co., Yonkers, . 

Norfolk and Petersburg-, 

Nashville and Decatur, 

New York, Lackawanna and Western, 

New York, Chicago and St. Louis, . 

Nashville, Chattanooga and St. Louis, 

New York Central and Hudson River, 



Cost. 

$50,000 00 

50,000 00 

200,000 00 

387,000 00 

H>0,000 00 

100,000 00 

250,000 00 

97,000 00 

300,000 00 

. 260,000 00 

550,000 00 

64,000 00 

400,000 00 

134,000 00 

250,000 00 

260,000 00 

50,000 00 

200,000 00 

500,000 00 

285,000 00 

196,000 00 

115,000 00 

400,000 00 

350,000 00 

98,000 00 

84,000 00 

400,000 00 

105,000 00 

1,500,000 00 

250,000 00 

100,000 00 

250,000 00 

450,000 00 

100,000 00 

100,000 00 

400,000 00 

200,000 00 

154,000 00 

154,000 00 

300,000 00 

200,000 00 

130,000 00 

27,000 00 

20,000 00 

74,000 00 

1,000,000 00 

504,000 00 

304,000 00 

500,000 00 



Market value. 

$50,625 00 

50,000 00 

229,000 00 

584,677 00 

101,000 00 

105,450 00 

258,125 00 

125,836 00 

304,500 00 

5,525 00 

-,j f ;o no 

67,200 00 

416,230 00 

140,030 00 

247,900 00 

285,000 00 

52,1m;. 00 

206,500 00 

595,100 00 

844,825 00 

197,470 00 

130,111 00 

454,571 00 

364,000 00 

11:5,229 00 

84,000 00 

480,880 00 

110,000 00 

1,855,800 00 

263,750 00 

103,670 00 

299,375 00 

549,000 00 

124,030 00 

109,500 00 

488,000 00 

180,680 00 

165,365 00 

127,173 00 

319,500 00 

218,000 00 

140,036 00 

27,000 00 

22,392 00 

87,542 00 

1,295,000 00 

458,640 00 

377,057 00 

659,600 00 



08 



LIFE IXSUKAXCE COMPANIES [Dec. 31, 



New York, Pennsylvania and Ohio, 
Natl Water Works Co., Kansas City, 
( >hio ami Mississippi, 

Pratt Coal and Iron Co., . 

Pittsburg Junction, .... 

Richmond and Danville, . 

Richmond, York River and dies., . 

Rome, Wat. and Ogdens., 

San Antonio and Aransas, 

St. Paul and Puluth. . ... 

St. Paul City Railway Co., 

St. Paul Water Supply Co., . 

Syracuse, Binghamton and New York, 

South Carolina Railroad, . 

South Side of Virginia, . 

So Georgia and Florida, . 

Staten Island Rapid Transit Co., 

Texas and New Orleans, . 

Trinity Church Corporation, . 

Union Pass Railway Co. of Philadelphia, 

Valley Railroad of Ohio, . 

Virginia Midland, .... 

Virginia and Tennessee, . 

Western Railroad of Alabama, 

Western Transit Co., 

West Shore Railroad, . . . 

W heeling and Lake Erie, 

Warren and Franklin, 

Albany and Susq., stock, . 

Chic, Mil. and St. Paul stock, . 

Chic, and Northwestern pref . stock, 

Massawippi Valley stock, 

Morris and Essex stock, . 

New York and Harlem stock, . 

New Y'ork, New Haven and Hartford stock, 

Naugatuck Railroad stock, 

New York, Providence and Boston stock, 

Pennsylvania Railroad stock, . 

Pitts., Ft. Wayne and Chic, stock, . 

United N. J. Railroad and Canal Co. stock, 

Real Estate Ex. and Auction Room stock, 



Cost. 

$55,000 00 

94,000 00 

77,000 00 

15,000 00 

400,< 00 00 

500,000 00 

287,000 00 

278,000 00 

200,000 00 

50,000 00 

285,000 00 

26,500 00 

238,000 00 

500,000 00 

46,000 00 

16,000 00 

21,000 00 

600,000 00 

100,000 00 

27,000 00 

29,000 00 

250,000 00 

71,000 00 

112,000 00 

400,000 00 

800,000 00 

250,000 00 

38,000 00 

20,800 00 

308,000 00 

450,000 00 

35,000 00 

25,000 00 

444,250 00 

106,500 00 

80,000 00 

204,000 00 

341,500 00 

10,000 00 

27,400 00 

1,000 00 



Market ralue. 

$58,988 00 

98,230 00 

88,658 00 

17,436 00 

440,000 00 

565,000 00 

303,468 00 

295,322 00 

170,000 00 

55,755 00 

313,016 00 

27,502 00 

321,300 00 

477,500 00 

47,220 00 

18,682 00 

23,604 00 

697,140 00 

101,730 00 

29,222 00 

35,403 00 

265,000 00 

76,835 00 

119,840 00 

417,320 00 

822,000 00 

248,125 00 

38,382 00 

31,824 00 

304,040 00 

634,500 00 

35,728 00 

36,000 00 

1,043,988 00 

255,600 00 

176,000 00 

421,015 00 

365,405 00 

15,000 00 

60,554 00 

1,000 00 



$42,207,856 14 $48,616,704 14 



L888.] 



OF OTHER STATES. 



99 



"THE MUTUAL BENEFIT LIFE INSURANCE COMPANY," 

NEWARK, N. J. 

[Incorporated Jan. 31, 1845. Commenced business April, 1845.] 

Amzi Dodd, President Edward L. Dobbins, Secretary. 



Income. 
New premiums without deductions, 

Renewal premiums, 

Cash received for annuities, .... 

Total premium income, .... 

Cash received for interest 

Cash received for rents of company's property, 

Total income 

Net or ledger assets, Dec. 81, 1887, . 



Total, 



$604,687 54 

4,453,327 96 

25,373 38 

$5,083,388 88 

2,260,442 84 

27,420 46 

17,371,252 18 

10,450,275 57 



$47,821,527 75 



Disbursements. 

Cash paid for losses and additions, 

Premium notes or loans used in payment of same,. 
Cash paid t'<»r matured endowments and additions, 
Premium notes or loaus used in payment of same,. 

Gross amount paid for losses and endowments, 

Cash paid to annuitants, 

Cash paid for surrendered policies,* 

Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, ..... 
Cash surrender values, including reconverted additions 

applied in payment of premiums, . . . . 
Cash dividends paid policyholders, f 173,867. 66; applied in 

payment of premiums, 1,089,208.72, .... 
Premium notes or loans used in payment of dividends, . 

Total paid policy holders, 

Cash paid for commissions and expenses of agents, 

for medical examiner's fees, .... 
for salaries of officers and office employees, . 

for taxes and fees, 

for advertising, legal expenses, etc., 

Total disbursements, 

Balance, 



$2,755,933 45 

136,391 08 

122,579 09 

1,912 47 

$3,016,816 09 

22,132 09 

294,917 32 

126,049 81 

207,987 51 

1,263,076 38 
22,821 04 

$4,953,800 24 
529,759 79 

42,020 59 
121,537 64 
163,669 61 

72,719 08 

$5,883,506 95 
$41,938,020 80 



100 



LIFE INSURANCE COMPANIES [Dec. 31, 



Invested in the following: — 

Assets as pek Ledger Accounts 

Value of real estate, 

Loans on mortgage of real estate (first liens), 
on collateral security (schedule A), 
on company's policies assigned as collateral, 

Premium notes or loans on policies in force, . 

Par value of stocks and bonds owned (schedule B), 

Cash in company's office, ... 

Cash deposited in bank, . 

Agents' ledger balances, . 

Premiums in transit (since received), 

Ledger assets (as per balance), 



Other Assets. 
Interest due and accrued, .... 

Market value of stocks and bonds, over par, 

Uncollected premiums on policies in force, 

Deferred premiums on policies in force, . 



$'1,285,426 05 

20,553,760 35 

3,603,245 68 

730,397 87 

4,254,443 28 

10,712,701 33 

156,013 41 

543,864 35 

894 75 

97,274 23 

$41,938,020 80 



596,551 68 
619,287 50 



§108,533 39 
343,335 75 

$451,869 14 
90,373 83 



361,495 31 
$43,515,355 29 



Total, 

Deduct loading (20 per cent.), . 

Net am't of uncollected and deferred prein's, 

Total assets per company's books, . 

Items not Admitted. 
Agent's balances, 894 75 

Total admitted assets, 

Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent.), 
Death losses and matured endowments in 

process of adjustment, $211,613 07 

Claims resisted by the company, . . . 17,000 00 

Total policy claims, 

Unpaid dividends of surplus due policy holders, 
Premiums paid in advance, .... 

Liabilities as to policy holders, . 
Surplus as regards policy holders, . 

Gross liabilities, 

Premium Note Account. 

Premiums notes on hand, Dec. 31, 1887, . . $4,242,886 85 
Premium notes received during 1888, . . 362,323 71 

Total, $4,605,210 56 



$43,514,460 54 



$39,702,110 CO 



228,613 07 

213,359 27 

3,900 99 

$40,147,983 33 

. 3,366,477 21 

$43,514,460 54 



&8.] 



OF OTHEB STATES. 

1138, 



101 



ises claims, . 
I in payment of surrendered p<»li 

1 by lapse, . . 

i in payment of dmdends to policy hold 

d by maker in casn 



Balance n< ?. 1 '.1,1888, . 



1 . 49 81 
. 88 



' ' 28 



Endowment, 
All other, . 



\Yh'-»le life, . 
Endowment, 
All other, . 



'.elite,. 
wment, 



Kxhii.it 09 i*OLI< IF.-. 
Policies and Additions in ft 31, IS 87. 

Number. Amount. Total 3 amount. 

. ;... 

00 

00 

« issued during the Year. 

. |1 
. 2.447 

. 

" ~ 00 



Old Pol i. 

21 I 00 

4 13, 



- 



00 



Whole life, . 
Endowment, 

:rions bv dividends. 



Old Policies mar 
1 

7 



28,769 00 



Total, 62.7.X' * 



Whole life, . 
Endowment, 
All other, . 



Policies terminated during the 1 

. _ - - |8 .172 00 
. 1,278 .0 

1.- 1 'X) 



By death. . 
By maturity, 
By expiry. . 
By surrender, 
By lapse, . 
2sot taken, . 



i 


$12,602.' »21 


How terminated. 


- 






125,474 






l., r 


4,22 . 




2,21992 




28 



4,796 $12,602,021 00 



102 



LIFE INSURANCE COMPANIES [Dec. 31, 



Whole life,. 
Endowment, 

All other, . 



Policies in force Dec. 31, 188S. 

. . 43,513 $118,351,700 00 
. 11,544 27,035,395 00 
. 2,897 7,511,408 00 



Annuity bonds in force, 



57,954 £153,498,023 00 
59 §24,520 00 



Schedule A. 

Securities held as Collateral. 



Western Union Telegraph Company stock, 
Missouri Pacific Railroad Company stock, 
Manhattan Elevated Railroad Company stock 
American Telegraph and Cable Co. stock, 
East Tennessee, Virginia and Geo. R. R. bonds 
Western Union Telegraph Company stock, 
Missouri Pacific Railroad Company stock, 
Manhattan Elevated Railroad Company stock 
Boston, Iloosac Tunnel and YVest.R. R. bonds, 
Central Railroad of New Jersey bonds, . 
Missouri Pacific Railroad Company stock, 
Western Union Telegraph Company stock, 
St Paul, Minneapolis and Manitoba R. R. stock 
Missouri Pacific Railroad Company stock, 
Delaware, Lacka and Western R. R. stock, 
Western Union Telegraph Company stock, 
Manhattan Elevated Railroad Company stock 
Consolidated Gas Company stock, . 
Chicago, Rock Island and Pacific R. R. stock, 
Atchison, Topeka and Santa Fe R. R. stock, 
Chicago, Milwaukee and St. Paul R. R. bonds, 
Lake Shore and Mich. Southern 11. R. bonds, 
Illinois Central Railroad bonds, 
Western Union Telegraph Company stock, 
Missouri Pacific Railroad stock, 
St. Paul, Minneapolis and Manitoba R.R. stock 
United States Express Company stock, . 
Delaware and Hudson Canal Company stock, 
Chicago, Milwaukee and St. Paul R. R. stock, 
Manhattan Elevated Railroad stock, 
Western Union Telegraph Company stock, 
Missouri Pacific Railroad stock, 
Oregon Short Pine Railroad bonds,. 
Missouri Pacific Railroad stock, 

Western Union Telegraph Company stock, 
St. Paul, Minneapolis and Man. R.R. stock, 
Manhattan Elevated Railroad stock, 
Pullman Palace Car Company stock, 
81 Paul, Minneapolis and Manitoba R.R. stock, 



Market value. 

$71,187 00 ^ 
29,500 00 I 
9,000 00 \ 
4,000 00 I 
20,400 00 J 
58,025 001 
44,250 00 I 
9,000 00 \ 
9,800 00 
10,850 00 J 
29,500 00^ 
35 510 00 i 
02,370 00 ) 
21,100 00 ^ 
30,002 00 
33,500 00 
9,000 00 
8,200 00 
• 9,825 00 
5,800 00 
2,520 00 
124,000 00 
118,200 00 
41,875 00 
7,375 00 
09,300 00 
3,800 00 
13,250 00 1 
10,325 00 
18,000 00 
10,750 00 
3,171 00 
2,240 00 J 
73,750 00 
100,500 00 
59,400 00 
18,000' 00 
308,700 00 
123,750 00 



Amount loaned. 



§ 100,000 00 



100,000 00 



100,000 00 



► 100,000 00 



100,000 00 
100,000 00 

*> 100,000 00 



} 50,000 00 



200,000 00 

200,000 00 
100,000 00 



1888.] 



OF OTIIKR STATES. 



103 



New York, Lake Erie and Western R. R, bonds, 
Oregon and Transcontinental Railroad bonds, 
Missouri Pacific Railroad bonds, 
Cleveland, Col., ('inn. and Ind. R. R. bonds, 
New York, Ontario and Western R. R. bonds, 
Union Pacific Railroad bonds, . 
Si Joseph and Grand Island Railroad bonds, 
Delaware and Hudson ('anal Company bonds 
Chicago and Milwaukee Railroad bonds, 
Illinois Central Railroad stock, 
Chicago and Northwestern Railroad Btock, 
Canada Southern Railroad stock, 

tern Union Tele .raph Company stock, 
Delaware, Lackawanna and West R. R stock, 
Chicago, St. Rani, Minn, and Omaha R. R stock, 
Missouri Pacific Railroad stock, 
New YorkCentral and Hudson Riv. R.R. stock. 
Pullman Palace Car Company stock, 
Missouri Pacific Railroad stock, 
Western Union Telegraph Company stock, 
St. Rani, Minneapolis and Man. R. R. stock, 
United states Express Company stock, . 
Duluth, South Shore and Atlantic R. R. bond-, 
Missouri Pacific Railroad stock, 

rn Union Telegraph Company <to<-k. 
St. Rani. Minneapolis and Man. R. R. stock, 
Manhattan Elevated Railroad stock, 

simre Railroad bonds, 
Delaware, Rack, and Western R. R. <toek, 
Western Union Telegraph Company stock, 
American Express Company stock, . 
Chicago and Indiana Coal Railroad stock, 
Marq., Houghton and Ontonagon R.R. stock, 
Oregon Short Line Railroad bonds, 
Cleve., Col., Cm. and Indianapolis R. R. bonds, 
Milwaukee, Lake Shore and West. R. R. bonds, 
St. Paul, Minneapolis and Man. R. R. stock, 
United States Express Company stock, . 
Western Union Telegraph Company stock, 
Missouri Pacific Railroad stock, 
St. Louis and Iron Mountain R. R. bonds, 
United States bonds, .... 

Pullman Palace Car Company stock, 
Missouri Pacific Railroad stock, 
Chicago and Northwestern Railroad stock, 
Chicago, Burlington and Quincy R.R. bonds, 
West Shore Railroad bond, 
City of St. Paul bond, .... 



0,000 00 



Market value. Amount loaned. 

|32,210 00' 

,300 00 

22,000 00 

6,031 00 

11,160 00 

14,280 00 

.vi ; 

2,820 on 

1,325 00 

11,450 00 

21,650 00 

10,600 <'n 

I 00 

1 1,425 00 

50 00 

7,375 00 

T'.SOO 00 

17,150 00 J 

25,812 Oi Cj 

16,75 I 00 | 

600 00 } 100,000 00 

30,400 00 | 

11,310 on j 

22,125 I 



41,87.") 00 



49,500 

9,000 
123,752 I 
43,275 00 ) 
67,000 00 
11,200 00 
9,000 00 
9,000 00 ^ 
47,040 00 
35,340 00 
23,250 00 
19,800 00^ 
38,000 00 | 
50,250 00 } 
11,062 00 j 
4,250 00 J 
9,525 00^ 
64,312 00 | 
36,875 00 [ 
10,825 00 | 
2,775 00 J 
1,049 00 ? 
1,000 00 S 



100,000 
100,000 00 

200,000 00 



100,000 00 



roo,ooo oo 



1,070 68 



104 



LIFE INSURANCE COMPANIES [Dec. 31, 



Chicago, Rock Island and Pacific R. R. stock, 
Western Union Telegraph Company stock, 
Canada Southern Railroad bonds, . 
Oregon short Line Railroad bonds, 
Chicago, Rock Island and Pacific R. R. bonds 
Puluth, South Shore and Atlantic R. R. bonds, 
Central Railroad of New Jersey bonds, . 
Illinois Central Railroad stock, 
New York, Lack, and Western R. R. stock, 
Chicago and Northwestern Railroad stock, 
Western Union Telegraph Company stock, 
Chicago, Milwaukee and St. Paul R. R. stock 
( 'hicago, Rock Island and Pacific R. R. stock, 
Canada Southern Railroad stock, 
Nashville, Chattanooga and St. L. R. R. bonds 
St. Louis, Alton and Terre Haute R. R. bonds 
American Telegraph and Cable Co. stock, 
St. Louis and San Francisco R. R. stock, 
( 'an ada Southern Railroad stock, 
st. Louis, Alton and Terre Haute R. R. stock, 
Manhattan Elevated Railroad stock, 
Lake Shore and Mich. Southern R. R. stock, 
East Tenn., Virginia and Georgia R. R. stock 
Delaware. Lack and Western R.R stock, 
Chicago, Rock Island and Pacific R. R. stock, 
Missouri Pacific Railroad stock, 
Missouri Pacific Railroad stock, 
Pullman Palace Car Company stock, 
Oregon Railway and Navigation Co. stock, 
East Tenn., Virginia and Georgia R. R. stock 
Flint and Pere Marquette Railroad stock, 
Philadelphia and Reading Railroad bonds, 
St Paul, Minneapolis and Man. R. R. bonds, 
Canada Southern Railroad stock, 
Canadian Pacific Railroad stock, . 
( Ihicago, Kock Island and Pacific R. R. stock, 
Pullman Palace Car Company stock, 
Missouri Pacific Railroad stock, 
Western Union Telegraph Company stock, 
Galveston, Harrisburg & San An. R.R. bonds, 
St Paul, Minneapolis and Man. R. R. bonds, 
Delaware. Lack and Western R. R. bonds, 
Western Union Telegraph Company stock, 
Chicago, Hock Island and Pacific R.R. stock, 
Canada Southern Railroad stock, 
Delaware, Lack, and Western R. R. stock, 
Louisville and Nashville Railroad bonds, 
>t Paul, Minn, and Man. Railroad stock, 
( iti/<n-' Gas Light Company, New ark, stock, 



Market value. 

$29,475 00^ 

25,125 00 
3,740 00 
2,240 00 
12,855 00 \ 
21,750 00 
7,595 00 
5,725 00 
20,GO0 00 
14,072 00 
25,125 00 
1,032 00 
6,190 00 
5,300 00 j 
2G,350 00^ 
7,560 00 
2,000 00 
22,650 00 
5,300 00 
8,50) 00 
13,500 00 \ 
4,160 00 
9,900 00 
7,212 00 
1,474 00 
14,750 00 J 
44,250 00^1 
34,300 00 
13,837 00 
26,400 00 
19,000 00 J 
67,688 00 
7,110 00 
6,890 00 ^ 
15,900 00 
1,572 00 
34,300 00 
29,500 00 
16,750 00 
14,000 00 
8,640 00 J 
158,675 00 i 
1. V.i, 125 00} 
29,475 00^1 
5,30000 | 
14,425 00 ! 
10,900 00 J 
128,700 00 
60,720 00 



Amount loaned. 



§50,000 00 



). 100,000 00 



100,000 00 



> 100,000 00 



60,000 00 



> 100,000 00 



250,000 00 

50,000 00 

100,000 00 
50,000 00 



188 



OF OTHER STATES. 



105 



Ess< \ County National Bank, Newark, stock, 
rark City National Bank stock. . 

tional Newark Ranking Company >t«>ek, 
lid National Bank, Newark, stock, . 
National State Bank, Newark, >t<>ek, 

ifactnrers 1 Nat 1 ] Hank. Newark, stock, 
Merchants 1 National Bank, Newark, stock, 
American Insurance Co.. Newark, scrip, 
Citizens 1 Gas Light Co., Newark, stock, . 
United Railroads of New Jersey >t<>ek, . 
Yonkers Gas Light Company stock, 
Newark City Ice Company stock, . 
Consumers 1 Coal Company, Newark. >toek, 
Lehigh and Wilkesbarre Railroad bonds, 
Morris ami Essei Bailroad bonds, . 
Newark Gas Light Company <t<>ek, 

maba ami Lake Superior EL EL bonds, 
Chicago, Mil. ami St Paul R EL bonds, ■ 

solidated Gas Company -t<>ck, . 
New York Central Railroad stock, . 
Chicago and Northwestern Railroad stock, 
Illinois Central Railroad stoek, 

•rn Union Telegraph Company -t<>ck. 
B Louis and San Francisco Railroad <t<>ck, 
Pullman Palace Car Company stock. 
New York. N. Haven and Hart R. R. stock, 
Delaware, Lack, and Western R. R. ^toek, 
Delaware. Lack, and Western R. R. stock. 
Chicago, Rock Island and Pacific R. R. stock, 
Western Union Telegraph Company stock, 
Western Union Telegraph Company bomL. 
National State Bank. Newark, stock, 
National Newark Banking Company stock, 
Merchants 1 Fire Ins. Co. Newark, stock, . 
Firemen's Insurance Co.. Newark, stock. 
The Columbus (Ohio) Board of Trade bonds, 
Delaware. Lack, and Western R. R. stock. 
Consolidated Gas Company stock, . 
Central Railroad of New Jersey bonds, . 
Gulf. Colorado and Santa Fe R.R. bonds, 
Lake Shore and Mich. Southern R. R. stock, 
Delaware, Lack, and AYestern R. R. stock, 



Market value. 

$8,750 00 ^ 

_ 00 

•0 00 

2 00 

8,600 00 

1,620 00 

11.-. 

18,800 00 

11,000 00 

00 

8,750 00 

3,600 00 

4,000 00 J 

20 00 

15,975 00 

»0 00 

60 00 

41,000 00 

14,100 

11,450 00 

12.063 00 

26,400 00 

14,425 00 J 

^.38 00^ 



Amount loaned. 



> £45,000 00 



I 



19,650 00 



15,150 00 J 

5 00^ 



840 00 



3.740 00 ! 
645 00 J 
26,250 00 

43,275 00 ^ 



8,200 00 

9,765 00 






1,750 00 J 

114.400 00 ) 
7.212 00$ 



00 

11.075 00 

'0 00 



„ 100,000 00 



!> 100,000 oo 



5,000 00 
25,000 00 
50,000 00 

100,000 00 



84,624,945 00 83,603,245 68 



106 



LIFE INSURANCE COMPANIES [Dec. 31, 



Schedule B. 

Bonds owned by the Company. 



United States bonds, .... 

Essex County (X. J.) bonds, . 

Newark city bonds, .... 

Orange city bonds, .... 

Weal Orange (X. J.) Township bonds, 

East Orange (X. J.) Township bonds, 

New Brunswick (N. J.) city bonds, 

Railway (X. J.) city bonds, 

Union County (X T . J.) bonds, . 

Montclair (N. J.) Township bonds, 

Elizabeth (N. J.) city bonds, . 

South Bend (Tnd.) city bonds, . 

Erie (Pa.) city bonds, 

Springfield (111.) city bonds, . 

Lafayette (Ind.) city bonds, 

Toledo (Ohio) city bonds, 

Sandusky (Ohio) city bonds, . 

Cleveland (Ohio) city bonds, . 

Buchanan County (Mo.)bonds, 

Saginaw (Mich.) city bonds, . 

Tippecanoe County (Tnd.) bonds, 

Van Buren County (Iowa) bonds, 

Grand Rapids and Indiana Railroad bonds, 

West Shore Railroad bonds, 

Belvidere, Delaware, Railroad bonds, 

Chicago, Burlington and Quincy R. R. bonds, 

Perth Amboy and Woodbridge Railroad bonds 

Central Railroad of New Jersey bonds, . 

Chicago, Rock Island and Pacific R. R. bonds, 

Freehold and Jamesburgh Agri. R. R. bonds, 

Shamok. Sunb'y and Lewisburg R. R. bonds, 

New York Central Railroad bonds, . 

Wilkesbarre and Scranton Railroad bonds, 

New York, Sus. and Western Railroad bonds, 

Phila., Wil. and Baltimore Railroad bonds, 

Philadelphia and Erie Railroad bonds. . 

Colorado Springs (Col.) bonds, 

Cleve., Painesville and Ashtabula R R. bonds 

Lincoln County (Mo.) bonds, . 

Pettis County bonds, .... 



Cost 

$100,000 00 

1,172,000 00 

2,375,000 00 

00,000 00 

128,500 00 

167,500 00 

14,000 00 

49,401 33 

35,000 00 

320,000 00 

1,030,000 00 

153,000 00 

152,000 00 

114,300 00 

160,000 00 

218,000 00 

100,000 00 

450,000 00 

500,000 00 

100,000 00 

75,000 00 

33,500 00 

50,000 00 

437,500 00 

750,000 00 

150,000 00 

100,000 00 

200,000 00 

100,000 00 

100,000 00 

40,000 00 

20,500 00 

100,000 00 

100,000 00 

250,000 00 

500,000 00 

50,000 00 

5,000 00 

148,000 00 

104,500 00 



Market value. 

$ 108,500 00 

1,378,450 00 

2,571,000 00 

69,850 00 

149,100 00 

167,500 00 

14,700 00 

49,401 33 

35,450 00 

329,600 00 

1,030,000 00 

154,530 00 

165,680 00 

114,300 00 

195,200 00 

252,220 00 

106,000 00 

481,000 00 

512,500 00 

100,000 00 

75,000 00 

33,500 00 

60,000 00 

448,437 50 

750,000 00 

144,000 00 

100,000 00 

212,000 00 

104,000 00 

100,000 00 

41,200 00 

21,320 00 

100,000 00 

93,000 00 

250,000 00 

500,000 00 

51,500 00 

5,500 00 

150,960 00 

106,590 00 



$10,712,701 33 $11,331,988 83 



L888.] 



OF OTHER STATES. 



107 



"NATIONAL LIFE [NSURANCE COMPANY," 
MONTPELIER, VT. 

[Incorporated Nov. 13, 1843. Commenced business Fub. 1, 1850.] 

Charles Dewey, President. George W. Reed, Secretary. 



Income. 



New premiums without deductions, 
Renewal premiums, . 

Total premium income, 
Cash received for interest, 
Cash received for rents of company 
Profit and loss account, . 

Total income, 
Net or ledger assets, Dee. 31, 1887, 

Total 



s property, 



$409,520 13 

871,653 24 

$1,281,173 37 

252,606 39 

7,701 27 

56 35 

$1,541,537 38 

4,280,944 99 

$5,822,482 37 



Disbursements. 

Cash paid for losses and additions, 

Premium notes or loans used in payment of same, . 
Cash paid for matured endowments and additions,. 

Gross amount paid for losses and endowments, 
Cash paid for surrendered policies, . 
Premium notes or loans used in purchase of surrendered poli 

eies, and voided by lapse, 

Cash dividends paid policy holders applied in payment of 

premiums, 

Premium notes or loans used in payment of dividends, . 

Total paid policy holders, .... 
Cash paid for commissions to agents, 

for salaries and travelling- expenses of agents, 
for medical examiner's fees, . 
for salaries of officers and office employ 
for taxes and fees, .... 

for rent, 

for furniture and office fixtures, 
for advertising, printing, etc., . 
for legal services and incidentals, . 

Total disbursements, 

Balance, 



ees, . 



$290,735 16 

473 87 

32,710 00 

$323,919 03 

134,801 72 

5,589 39 

155,006 92 

179 60 



$619,496 66 

205,881 24 

16.285 47 

19,268 53 

23,644 33 

23,472 79 

9,909 58 

6,844 78 

13,260 51 

3,986 86 

$942,050 75 

$4,880,431 62 



108 



LIFE INSURANCE COMPANIES [Dec. 31, 



Invested in the following: — 



ASSETS' AS PER LEDGER ACCOUNTS 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
on collateral security (schedule A), 
on company's policies assigned as collateral, 

Premium notes or loans on policies in force, . 

Tar value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Agents 1 ledger balances (f 185,228.55 since received), 



Ledger assets (as per balance) , 



. |186,470 


67 


. 2,253,1)91 


76 


48,000 00 


195,241 


48 


45,427 


47 


. 1,806,119 


53 


3,681 


70 


69,681 


30 


211,817 


71 


. §4,880,431 


62 



Other Assets. 
Interest due and accrued, .... 
Market value of stocks and bonds, over par, 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, . 

Total, 

Deduct loading (20 per cent.), . 

Net ain't of uncollected and deferred prem's, 

Total assets per company's books, . 



$19,454 06 
113,936 64 

$133,390 70 
26,678 14 



86,241 13 
120,746 98 



106,712 56 



. $5,194,132 29 



Items not Admitted. 



Agents' balances, 

Total admitted assets, 



26,589 16 



. §5,167,543 13 



Liabilities. 
Computed premium reserve or net present value of all out- 



standing policies (actuaries' 4 per cent.), 
Death losses due and unpaid, .... 
Death losses and matured endowments in 

process of adjustment, 

Total policy claim*, 

Unpaid dividends of surplus due policy holders, 
Premiums paid in advance, .... 
Extra reserve on life-rate endowment policies, 

Liabilities as to policy holders, . 

Surplus as regards policy holders, . 



. f 4,069,4 12 00 



$1,000 00 
8,000 00 



Gross liabilities, 



9,000 00 

31,323 61 

3,777 23 

260,908 92 

$4,374,421 76 

793,121 37 

$5,167,543 13 



m 



OF OTHEB STAT1 
Pbsmiom Note Account. 



109 



Premium notes on hand. Dec SI, 1887, . 
Premium Dotes received during l vv> \ 

Total 

[Js 'I in payment of losses and claims, 

1 in payment of surrendered policies and 

\ oided by lapse 

Used in payment of dividends to policy holders, 

emed by maker in cash 

Total 

Balance note assets, Dec. 31, 1888, . 



81 
56 

- 73 87 

179 
15.466 04 



$67,li 



3 



£45,427 47 



Whole life,. 
Endowment. 
All other, . 

nary addition 



Exhibit of Polk res. 

Poli'- 31, 1 s 5 r. 

2fumb«r. Amount. Total So. Toul amount. 

. 5,882 |15, 00 

. 8,461 117 00 

5 12,000 00 

754 00 

14^48 |24, 00 



Whole life, . 
Endowment, 
All other, . 



g the Y 

. 3,139 19,184,700 00 

. 1.- 00 






4,994 1 - X) 00 



Whole life, . 
Endowment, 



Old PoU i ived. 



17 



$18,000 00 
21.000 00 



Whole life policies increased, 
Additions by dividends, 



24 



39,000 00 

- ~ 00 

38 00 



Total, 19,366 $86,898,712 



Policies terminated during the Year. 

Whole life, .... 1,040 §2,870,135 00 
Endowment, . . . 1,473 1,688,390 00 
All other, .... 3 27.884 00 



2,516 £4,586,409 00 



110 



LIFE INSURANCE COMPANIES [Dec. 31, 





How terminated. 






Number. 


Amount. Total No. 


Total amount. 


By death, . 


119 


$291,209 00 




By maturity, 


17 


32,710 00 




By expiry, . 


1 


1,500 00 




By surrender, 


889 


1,036,750 00 




By Lapse, . 


654 


1,216,500 00 




By change and decreas 


je, . 113 


490,910 00 




Not taken, . 


G93 


1,516,800 00 








2,516 


$1,586,409 00 



Whole life, . 
Endowment, 
All other, . 
Reversionary additions, 



Policies in force Dec. 31, 18SS. 

. 7,988 $21,451,018 00 

. 8,857 10,780,727 00 

5 13,000 00 

67,558 00 



16,850 $32,312,303 00 



Schedule A. 
Securities held as Collateral. 

Market value. 

National Bank of Rutland stock (secured), . $5,500 00 

National Car Company, St. Albans, stock, . 7,500 00 

Lane Manufacturing Company stock, . . 70,875 00 



Amount loaned. 

$10,500 00 

6,000 00 

31,500 00 



$83,875 00 $48,000 00 



Schedule B. 
Stocks and Bonds owned by the Company. 

Cost. Market value. 

First National Bank stock (Montpelier) , . $26,000 00 $33,280 00 

Montpelier National Bank stock, . . . 2,800 00 4,200 00 

United States bonds, 129,000 00 165,385 00 

Maine State bonds, 1,000 00 1,015 00 

New Hampshire State bonds, .... 11,000 00 14,410 00 

Missouri State bonds, 11,000 00 12,650 00 

Nebraska warrants, 17,025 00 17,535 75 

Boston city bonds, 10,000 00 11,270 00 

Lawrence city bonds, 20,000 00 22,200 00 

Worcester city bonds, 20,000 00 21,400 00 

Fitchburg city bonds, 60,000 00 65,400 00 

Chelsea city bonds, 45,000 00 49,030 00 

Beverly town bonds, 25,000 00 25,125 00 

Burlington (Vt.) bonds, 25,000 00 26,250 00 

.Minneapolis (Minn.) bonds, .... 32,00000 33,76750 

Stillwater (Minn.) bonds, .... 41,000 00 45,100 00 



1888.] 



OF OTIIKR STATES. 



Ill 



Winona (Minn ) bonds, 
Faribault (Minn.) bonds. 
Si Cloud (Minn.) bonds, 
La Sucr (Minn.) bonds, 
Indianapolis (In<l ) bonds. 

AppletOD (Wis.) bonds. 

Fond da Lac ( Wia ) bonds 
Springfield (111.) bonds, 
Canton (111.) bonds. 
Crystal Lake (111.) bonds, 
Irving Park (111) bonds, 
Burlington (la.) bonds. 
Creston (la.) bond-, 
Nevada (la.) bonds, 
Spencer (la.) bonds, 
Marion (la.) bonds, . 
Corning (la ) bonds, 
Kiles (Mich.) bonds. 
Omaha (Neb ) bonds, 
Kearney (Neb.) bonds. 
Red Clond (Neb.) bonds, 
Piqoa (Ohio) bonds, 
Meriden (Conn.) bonds, 
Lincolu (Neb.) bond-, 
Lincoln (Neb.) warrants. 
Sioux City (la.) bonds, 
Algona (Ta.) bonds, . 
Council Bluffs (la.) bond?, 
Fort Dodge (la.) bonds, 
Independence (la.) bonds, 
Danville (111.) bonds, 
Newton (Kan.) bonds, 
Toplin (Mo.) bonds, . 
Douglass (Neb.) County bond; 
Dickinson (la.) County bonds, 
Adair (la.) County bonds, 
Wyandotte (Kan.) County bonds, 
Haskell (Kan.) County bonds, 
Monrpelier (Vt.) town bonds, 
St. Albans (Vt.) town bonds, 
Essex (Vt.) town bonds, . 
Newfane (Vt.) town bonds, 
Jericho (Vt.) town bonds, 
Highgate (Vt.) town bonds, 
Hyde Park (Vt.) town bonds, 
"Walcott (Vt.) town bonds, 
Johnson (Vt.) town bonds, 
Troy (Vt.) town bonds, . 



Cost. 

|S,000 00 
6,000 00 

10,000 00 
5,000 00 

25,000 00 
9,000 00 

20,000 00 
18,200 00 
18,600 00 

5,000 00 
4,500 00 
20,000 00 
11,000 00 
12,000 00 
5,500 00 
22,000 00 
15,000 00 
13,500 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
41,000 00 
50,000 00 
44,514 76 
20,800 00 
8,000 00 
9,000 00 
11,000 00 
10,000 00 
16,000 00 
12,000 00 
6,500 00 
20,000 00 
10,000 00 
10,000 00 
21,000 00 
14,000 00 
57,400 00 
3,000 00 
6,000 00 
8,000 00 
10,000 00 
30,000 00 
35,000 00 
11,000 00 
7,000 00 
3,000 00 



Market value. 

$8,255 00 
6,075 00 

10,150 00 
5,150 00 
30,250 00 
9,378 75 
21,650 00 
19,838 00 
14,377 50 
5,750 00 
4,972 50 
20,523 50 
14,350 00 
12,360 00 
5,610 00 
23,210 00 
15,600 00 
14,377 50 
22,000 00 
10,600 00 
10,100 00 
11,600 00 
43,888 00 
51,500 00 
45,405 05 
21,280 50 
8,240 00 
9,077 40 
11,541 00 
10,590 00 
16,187 20 
12,000 00 
6,760 00 
20,400 00 
10,500 00 
10,050 00 
21,420 00 
14,100 00 
58,261 00 
3,051 00 
6,178 20 
8,240 00 
10,300 00 
30,900 00 
35,700 00 
11,200 00 
7,070 00 
3,030 00 



112 



LIFE INSURANCE COMPANIES [Dec. 31 



Woodstock (Vt.) town bonds, . 
Greensborougb (Vt.) town bonds, 
Arlington (Vt.) town bonds, 
Underhill (Vt.) town bonds, 
Jay (Vt.) town bonds, 
Swanton (Vt.) town bonds, 
Sheldon (Vt.) town bonds, 
Jamaica (Vt.) town bonds, 
Bakersfield (Vt.) town bonds, 
Williston (Vt.) town bonds, 
Fairfax (Vt.) town bonds, 
St. Albans (Vt.) village bonds, 
Montpelier (Vt ) village bonds, 
Brandon (Vt.) village bonds, . 
St. Johnsbmw (Vt ) village bonds, 
West Randolph (Vt ) village bonds 
North Bend (Vt.) village bonds, 
Iowa, Kansas and Neb. school bond*, 
Nebraska County bonds, . 
Vermont Marble Co bonds, 



Cost. 

$0,500 00 

3,500 00 

15,000 00 

17,000 00 

7,000 00 

00,500 00 

24,000 00 

4,000 00 

5,000 00 

2,400 00 

1,100 00 

52,000 00 

20,000 00 

27,000 00 

6,000 00 

12,000 00 

3,000 00 

143,535 00 

215,344 77 

20,000 00 



Market value. 

$6,500 00 

3,675 00 

15,375 00 

17,510 00 

7,140 00 

61.407 50 

24,360 00 

4,160 00 

5,100 00 

2,424 00 

1,111 00 

53,040 00 

20,100 00 

27,000 00 

6,000 00 

12,000 00 

3,150 00 

150,797 00 

219,651 66 

20,300 00 



$1,866,119 53 $1,986,866 51 



"NEW YORK LIFE INSURANCE COMPANY," NEW YORK. 

[Incorporated 1841. Commenced business 1845.] 

William II. Beeks, President. Rufus W. Weeks, Actuary. 

Note bt the Company. — Whenever the term "cash" is used in this statemeut, it means 
money in hand or its equivalent iu the company's money obligations. 



Income. 

New premiums without deductions, . 
Renewal premiums, .... 
Cash received for annuities, 

Total, 

Deduct amount paid for re-insurance, 

Total premium income, 
Cash received for interest, 

as discount on claims paid in advance, 
for rents of company's property, 
for prolits on securities sold, . 

Total income, 

Net or ledger assets, Dec. 31, 1887, .... 

Total, 



. $6,564,022 92 

. 12,586,596 02 

. 1,509,643 93 

$20,660,262 87 

99,653 34 



20,560,609 53 

. 4,126,093 52 

17,965 89 

92,772 25 

73,732 77 

$24,871,173 96 

. 77.110,:) 13 14 

$102,281,517 10 



1888.] 



OF OTHER STATES. 



113 



I)isr.ri;-i mints. 

Cash paid for losses and additions, 

Premium notes or loans used in payment of same,. 
< lash paid for matured endowments and additions, . 
Premium notes or loans used in payment of same, . 

Gross amount paid tor losses and endowments, 
Received for losses and claim- on policies re-insured, . 

Net amount paid for Losses and endow incuts, . 
( lash paid to annuitants, ....... 

Cash paid for surrendered policies, ..... 

Premium note- or loans used in purchase of surrendered 
policies, and voided by lapse 

Cash dividends paid policy holders, applied in payment o 
premiums, ......... 

Premium note- or loan- used in payment of dividends, . 

Total paid policy holders, ...... 

Cash paid for commissions to agents, .... 

for >alani - and travelling expenses of agents, 
for medical examiner's fees, .... 

for salaries of officers and office employees, . 

for taxes and fees, 

for advertising, 

for incidentals, 



$1,1:53,700 92 

16,501 12 

1,044,081 78 

99 95 

$5,494,333 77 
68,406 99 

$5,425,920 78 
1,057,386 -41 
2,157,865 26 

22,403 80 

2,808,053 03 

1,434 17 

|10,973,070 05 

2,054,520 27 

100,000 00 

200,340 42 

310,832 40 

203,409 50 

97,953 22 

813,484 Gl 



Total disbursements, 
Balance, 



$15,389,010 47 
$80,891,900 03 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
Loans on collateral security (schedule A), 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office, ..... 

( ash deposited in bank, 

Agents' ledger balances, 

Ledger assets (as per balance), 



$9,308,152 08 

10,900,932 50 

1,070,250 00 

378,874 10 

54,500,901 58 

3,703 49 

3,092,073 45 

298,959 43 

$80,891,900 03 



Other Assets. 

Interest due and accrued, 

Rents due and accrued, . 

Market value of stocks and bonds, over cost, . 



442,474 81 

9,130 43 

3,055,850 30 



114 



LIFE INSURANCE COMPANIES [Dec. 31, 



Uncollected premiums on policies in force, 
Deferred premiums on policies in force, . 

Total, 

Deduct loading (20 per cent.),. 

Nel ami of uncollected and deferred prem's, 



$1,045,089 46 

1,486,734 86 

$2,480,824 32 

496,164 86 



Total a— ci- per company's books, . 

Items not Admitted. 



Agents 1 balances, 



Total admitted assets, 

Deduct special deposits in other States and countries, 



Balance, 



- |1,984,659 46 

$92,984,021 69 

298,959 43 

$92,685,062 26 

. 2,190,356 65 

§90,494,705 61 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries 1 4 per cent.), 
Deduct net value of re-insured risks, 



Net re-insurance reserve, . 
.Matured endowments due and unpaid, . 
Death losses and matured endowments in 

process of adjustment, .... 
Claims resisted by the company, 
Due and unpaid on annuity claims, . 

Total policy claims, .... 
Premiums paid in advance, 

Liabilities as to policy holders, . 
Deduct liability on special deposits, 

Surplus as regards Tontine policy holders, 
Surplus as regards other policy holders, . 
Gross surplus, 



$78,507,201 00 
436,630 00 

$78,070,571 00 



§56,511 88 

856,020 39 

2,500 00 

26,865 69 



941,897 96 
46,504 21 

§79,058,973 17 
. 2,190,356 65 

§76,868,616 52 



f6,423,777 13 

7,202,311 96 



13,626,089 09 



Gross liabilities, . 



$90,494,705 61 



Premium Note Account. 



Premium notes on hand, Dec. 31, 1887, . . $388,799 -1 1 

Premium notes received during 1888, . . 141,855 20 

dotal, $530,654 64 

Used in payment of losses and claims, . . $16,60107 
Used in payment of surrendered policies and 

voided by Lapse, 22,408 80 

Used in payment of dividends to policy holders, 1,434 17 

Redeemed by maker in cash, .... 111,341 50 

Total,.' 151,780 54 

Balance note assets, Dec. 31, 1888, $378,874 10 



L888.] 



OF OTIIKR STATES. 



115 



Exhibit of Policies, 
Policies and Additions in force Dec. 31, 18S7. 



Whole life,. 

Endowment, 
All other, . 
Reversionary addition-. 



Number. Amount. Total No. Total amount. 

74,878 $246,483,800 00 

32,691 107,608,479 00 

...754 711,200 00 

4,132,057 00 

118,323 1358,935,536 00 



"Whole life, . 
Endowment, 

All other, . 



Whole life,. 
Endowment, 

All other, . 



Policies issue/ (hiring the Year. 

. 21,879 §83,619,437 00 
. 10,466 86,643,200 00 

881 1,358,700 00 



Old Policies 


revived. 


77 


|281,661 00 


80 


90,100 00 


1 


600 00 



Whole life policies increased, 



33,226 124,621337 00 



108 



322,351 00 
76,043 00 



Total, 146,657 1488,955,26700 



Policies terminated during the Year. 

Whole life,. . . . 10,791 $41,256,83100 
Endowment, . . . 5,642 18,844,288 00 
Allother, .... 313 3,967,64300 





16,746 


$64,068,762 00 




How terminated. 


By death, . 


. 1,290 


$4,722,697 00 


By maturity, 


562 


1,079,369 00 


By expiry, . 


292 


50,000 00 


By surrender, 


. 1,926 


11,345,771 00 


By lapse, . 


. 7,027 


22,913,483 00 


By change and decreas 


>e, . 


678,150 00 


Not taken, . 


. 5,649 


23,279,292 00 



16,746 $64,068,762 00 



Whole life, . 
Endowment, 
All other, . 
Reversionary additions, 



Policies in force Dec. 31, 1888. 

. 86,043 $289,154,100 00 

. 37,545 125,497,491 00 

. 6,323 1,062,800 00 

4,172,114 00 

129,911 $419,886,505 00 



116 



LIFE INSURANCE COMPANIES [Dec. 31, 



Schedule A. 
Securities held as Collateral. 

Market value. 

100 shares Del., Lacka. and Western R. R., . $7,200 00 

50 " Central Trust Company, . . . 23,250 00 

New York, Ontario and Western R. R. bonds 

Evansville and Indianapolis Railroad bonds. 
Gil shares Central National bank, . 
100 " Western Union, 
20 " Ks. City, St. Louis & Chicago R R. 
Iowa City and Western Railroad bonds, . 
10 shares New York Central Railroad, . 
New York, Lake E. and Western R. R. bonds, 
East Tenn., Virginia and Georgia R. R. bonds 
Mil., Lake Shore and Western R. R. bonds, 
Union Pacific Railroad bonds, . 
1000 shares Del., Lacka. and Western R. R., 
Central Pacific Railroad bonds, 
Southern Pacific of California R. R. bonds, 
Southern Pacific of Arizona Railroad bonds, 
Galveston, Harrisbg. and San Anto. R. R. bds. 
Milwaukee and Northern R. R. bonds, 
Rome, Watertn. and Ogdensbg. R. R. bonds, 
Richmond and Danville Railroad bonds, . 
Denver and Rio Grande Railroad bonds, . 
Columbus, Hock'g Val. and Tol. R. R. bonds, 
28 shares Sixth Avenue Railroad, . 



24 " Market Bank, . 

25 " Park Bank, .... 
100 " Western Union, 

300 " Erie and Pittsburgh, 
1400 " Del., Lacka. and Western R. R., 

500 " St. Paul, Minn. & Manitoba R, II. 
1000 " Chic, and Northwestern Railroad 

COO " Western Union, . 
1400 " Chic, and Northwestern, 

700 " Western Union, 
1000 " Del., Lacka. and Western R, R., 

300 " St. Paul, Minn. & Manitoba R. R. 

100 " Western Union, 

500 " Lake Shore & Mich. Soutlfn R. R. 

650 " St. Paul, Minn, and Manitoba, 
Easl Tenn., Virginia and Georgia R. R. bonds 
Knoxville and Ohio Railroad bonds 
300 shares Chic, Mil. and St. Paul R. K.. 



280,000 00 

96,300 00 

82,485 00 

8,350 00 

2,000 00 

3,000 00 

10,900 00 

20,400 00 

12,300 00 

8,295 00 

297,500 00 

72,000 00 

105,000 00 

56,000 00 

54,500 00 

47,000 00 

52,750 00 

11,770 00 

11,700 00 

3,850 00 

2,000 00 

4,480 00 

4,440 00 

4,700 00 

8,350 00 

16,500 00 

100,800 00 

49,500 00 

108,000 00 

50,100 00 

151,200 00 

58,450 00 

72,000 00 

29,700 00 

8,350 00 

52,000 00 

64,350 00 

55,000 00 

7,000 00 

31,200 00 



Amount loaned. 

£16,500 00 

200,000 00 
75,000 00 
60,000 00 

9,750 00 

6,000 00 
15,000 00 

14,000 00 

250,000 00 
•V),000 00 

200,000 00 



100,000 00 



250,000 00 

2/)0,000 00 

100,000 00 
75,000 00 



$2,144,670 00 $ 1,676,250 00 



L888.] 



OF OTHER STATES. 



117 



>< BEDULE T>. 

Stocks and Bonds owned by the Company. 

Cost. Market value. 

American Exchange Bank (N. V.) stock, . $10,025 00 $1 t,400 00 

Merchant's Bank (N. Y.) stock, . . . 11,112 58 13,277 00 

Bank of Republic (N. V.) Btock, ... 907 50 1,68:5 00 

Bank of America (N. Y.) stock, . . . 8,484 00 18,706 00 

Third National Bank (N. V.) stock.. . . 110,000 00 110,000 00 

Chicago and Northwestern R. R. stock, . . 1,488,889 58 1,593,800 00 

Delaware, Lacka. and Western R. R. Btock, . 528,928 12 721,2r>0 00 

Manhattan Safe Deposit Co. stock, . . . 197,100 00 197,100 00 

Valley Railroad stock, 502,500 00 525,000 00 

United States bonds 786,009 59 942,912 50 

Alabama state bonds 86,100 00 49,200 00 

Georgia state bonds 1,500 00 1,522 50 

Mississippi State bonds, 19,600 00 19,600 00 

South Carolina State bonds, .... 27,624 37 31,412 18 

Callaway County Qfio.) bonds, . . . 125,000 00 125,000 00 

Custer County (Montana) bonds, . . . 48,767 50 18,767 50 

Dallas city (Texas) bonds 205,878 25 205,878 25 

Elizabeth City (N. J.) bonds, . . . . 295,650 00 21)5,650 00 

Flatbush (N. Y.) water bonds, . . . 19,600 00 22,000 00 

Flushing (X. Y.) bonds, 9,901 50 26,527 50 

Galveston city (Texas) bonds 173,730 00 174,270 83 

Jersey City (N. J.) bonds 165,076 10 197,245 00 

Jefferson County (Mo.) bonds, . . . 199,354 00 199,854 00 

New York city and county bonds, . . . 128,097 70 155,037 91 

Newark (N. J.) bonds, 721,784.19 737,80167 

Ottawa city (Canada) bonds 109,807 70 109,807 70 

Petersburg city (Va.) bonds 30,750 00 33,150 00 

Richmond city (Va.) bonds 46,250 00 69,000 00 

St. Paul (Minn.) bonds 215,142 90 239,965 83 

San Antonio (Texas) bonds, .... 186,035 00 186,035 00 

Albany and Susquehanna Railroad bonds, . 906,566 57 976,967 50 

Burl., Cedar Rapids and Northern R. R. bonds, 169,952 50 169,952 50 

Boston, Hoosac Tunnel and West'n R.R. bonds, 134,866 67 134,866 67 

Cedar Rap., Iowa Falls and Xo. W. R. R. bonds, 447,965 00 464,275 00 

Chicago, Milwaukee and St. Paul R. R. bonds, 740,099 59 747,687 50 

Chicago and Northwestern R. R. bonds, . . 3,606,350 02 3,747,437 50 

Chicago, St. P., Minn, and Omaha R. R, bonds, 1,196,964 16 1,249,500 00 

Chicago and Western Indiana R. R bonds, . 1,006,028 33 1,115,000 00 

Chicago and Eastern Illinois R. R. bonds, . 179,157 50 192,700 00 

Chicago and St. Louis R. R. bonds, . . . 229,395 80 232,560 00 

Chicago, Rock Island and Pacific R. R. bonds, . 523,750 00 523,750 00 

Cinn., Lafayette and Chicago R. R. bonds, . 194,105 20 194,675 83 

Cleveland C. C. and I. Railroad bonds, . . 1,306,712 60 1,462,720 00 

Canadian Pacific Railroad bonds, . . . 573,931 56 576,450 00 

Central R. R. and B'kg Co. of Ga. bonds, . 986,666 67 991,666 67 

Central Railroad of N. J. bonds, , . , 2,343,824 35 2,442,165 00 



118 



LIFE INSURANCE COMPANIES [Dec. 31, 



Coet 

Denver and Rio Grande Railroad bonds, . . |243,423 38 

Dctn.it. Bay City and Alpena R. R. bonds, . 169,952 30 

Evansville and Indianapolis R. R. bonds, . 676,537 00 

Evansville and Terre Haute R. R. bonds, . 342,960 00 

E. Tennessee, Virginia and Georgia, . . 488,332 s:', 

Flint and Pere Marquette 119,250 00 

Fremont, Elkh'n and Mo. Valley R. R. bonds, . 1,096,573 03 

Gulf, Colorado and Santa Yv Railroad bonds, . 2,194,798 1G 

Indianapolis and St. Louis Railroad bonds, . 156,481 25 

Iowa Midland Railroad bonds 03,166 11 

Ionia and Lansing Railroad bonds, . . . 49,000 00 

Kansas City, St. Jo. and C. Bluff R. R. b'ds, . 161,889 00 

Lake Shore and Mich. Southern R. R. bonds, . 2,652,677 00 

Louisiana and Western Railroad bonds, . . 314,850 00 

Louisville and Frankfort Railroad bonds, . 56,750 00 

Mahoning Coal Railroad bonds, . . . 362,028 28 

Metropolitan Elevated (N. Y.) R. R. bonds, . 319,099 69 

Memphis and Charleston Railroad bonds, . 304,930 00 

Michigan Central Railroad bonds, . . . 58,406 67 

Minneapolis and St. Louis Railroad bonds, . 165,000 00 

Minneapolis Union Railroad bonds, . . 500,000 00 

Morgan's La. and Texas R.R. and S. S. bonds, 831,207 47 

Mobile and Girard Railroad bonds, . . . 155,152 50 

Midland of New Jersey Railroad bonds, . . 269,610 00 

Missouri Pacific Railroad bonds, . . . 1,090,000 00 

New York Elevated Railroad bonds, . . 795,579 26 

New Mexico and So. Pacific Railroad bonds, . 134,837 50 

New York Central and Hud. River R. R. b'ds, 1,014,172 81 

New York and Harlem Railroad bonds, . . 1,047,641 67 

New York, L. Erie and Western R. R. bonds, . 2,383,280 70 

New York, Ont. and Western R. R. bonds, . 165,645 10 

New York, Lacka. and Western R. R. bonds, . 1,603,549 32 

New York, Susq. and Western R. R. bonds, . 225,000 00 

Nashville, Chatt. and St. Lo. Railroad bonds, . 338,360 00 

Northern Pacific Railroad bonds, . . . 1,735,344 83 

Northern Illinois Railroad bonds, . . . 706,090 00 

Northwestern Grand Trunk Railroad bonds, . 10,974 00 

Ohio, Indiana and Western Railroad bonds,' . 308,010 00 

Ottawa and Burlington Railroad bonds, . . 185,946 00 

Peoria, Decatur and Evansville R. R. bonds, . 110,910 00 

Pueblo and Arkansas Valley Railroad bonds, . 44,200 00 

Rensselaer and Saratoga Railroad bonds, . 9,519 92 

Rochester and Pittsburgh Railroad bonds, . 72,475 00 

South Carolina Railroad bonds, . . . 188,055 00 

St. Paul, Minn, and Manitoba R. R. bonds, . 2,215,660 00 

St. Paid and Northern Pacific R. R. bonds, . 7 t5,000 00 

Taylor's Falls and Lake Sup. R. R. bonds, . 212,100 00 

Texas and \cw Orleans 15. R, bonds, . . 317,195 88 



Market v;i 

|273,878 

169,990 
696,150 
342,960 
513,416 
119,250 
1,097.1 15 
2,252,250 
162,075 
65,000 
49,000 
163,800 
2,776,458 
321,000 
57,250 
426,000 
361,125 
306,250 
64,916 
165,000 
500,000 
832,365 
156,916 
283,750 
1,090,000 
814,335 
134,837 
1,320,000 
1,298,333 
2,678,333 
183,960 
1,942,500 
235,000 
338,625 
1,864,500 
744,333 
10,974 
308,010 
185,946 
110,910 
44,200 
12,900 
72.175 
190,045 
2,245,500 
908,750 
212,100 
322,855 



hie. 

33 

00 

00 

00 

67 

00 

00 

00 

00 

00 

00 

00 

33 

00 

00 

00 

00 

00 

67 

00 

00 

00 

67 

00 

00 

00 

50 

00 

33 

33 

00 

00 

00 

00 

00 

33 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

83 



1888.] 



OF OTHER STATES. 



119 



Virginia and Tennessee Railroad bonds, . 
Wheeling and Lake Erie Railroad bonds, 
West Shore Railroad bonds, 
American Safe Deposit Co. bonds, . 

American Hock and Iiuprovnneul ('<>. bonds, 

Delaware and Hudson Canal Co. bonds, , 
Equitable Gas Light Co. <>t' New York bonds, 
Equitable Gas Light Co. of Baltimore bonds. 
New York Mutual (las Lighl Co. bonds, . 
People's Gas Light ( !o. of ( Ihicago bond-. 
St Paul (Minn.) Gas Lighl Co. bonds, . 
Western Transit ( !o. bonds, 
Hungarian government bonds, . 
Italian government bonds, 
Russian government bond-, 
Swiss government bonds, .... 
Swedish government bonds, 



Cost. 

$67,280 00 

880,960 00 

2,850,488 58 

54,865 00 

321,484 \:> 

866,936 15 

153.874 00 
219,460 03 

53,000 00 

568.875 00 
311,042 50 

90,990 00 

102,325 00 

8,567 00 

290,474 38 

L9,650 00 

96,070 58 



Market value. 

$67,280 00 

I o;,,( ion 00 

2,933,541 25 

54,865 00 
348,820 00 
Ul,870 00 
155,490 oo 
230,280 00 

53,000 00 
640,050 00 
816,700 00 

92,175 00 

102,325 00 

3,567 00 

290,474 33 

19,650 00 

96,070 58 



$54,566,901 58 $58,222,751 91 



"NORTHWESTERN MUTUAL LIFE [NSURANCE COMPANY," 
MILWAUKEE, WISCONSIN. 

[Incorporated March, 1857. Commenced business Nov. 25, 1858.] 

II. L. Palmer, President. J. W. Sk inner, Secretary. 



Income. 

New premiums without deductions, 
Renewal premiums, 



Total premium income, 

Cash received for interest, 

as discount on claims paid in advance, 
for rents of company's property, 

Total income, 

Net or ledger assets, Dec. 31, 1887, .... 

Total, 



$1,397,726 20 

4,831,697 90 

|6,229,424 10 

1,690,789 74 

838 70 

79,580 91 

$8,000,633 45 

27,803,581 89 

$35,804,215 34 



Disbursements. 

Cash paid for losses and additions, .... 
Premium notes or loans used in jmynient of same, 
Cash paid for matured endowments and additions, . 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, 
Cash paid for surrendered policies, .... 



$1,323,251 48 

23,646 36 

221,323 09 

13,619 91 

$1,581,840 84 
145,072 80 



120 



LIFE INSURANCE COMPANIES [Dec. 31, 



Premium notes or loans used in purchase of surrendered 
policies and voided by Lapse 

Cash surrender values, applied in payment of premiums, 

Cash dividends paid policy holders, applied in payment of 
premiums, 

Premium notes or loans used in payment of dividends, . 

Total paid policy holders, 

Cash paid for commissions to agents, .... 

for salaries and travelling expenses of agents, 
for medical examiner's fees, .... 
for salaries of officers and office employees, . 

for taxes and fees, 

for rent, 

for commuting commissions, .... 
for furniture and office fixtures, 

for advertising, 

for incidentals, ...... 

Profit and loss account, 



Total disbursements, . 
Balance, 



K99 wo 32 

— i * — — "— 

93,899 80 

861,702 42 
95,058 75 

|2,799,696 93 

903,889 00 

28,365 62 

72,742 61 

136,048 73 

90,850 11 

4,740 48 

12,306 40 

1,214 11 

7,162 81 

L93.331 22 

28,741 74 

$1,279,089 79 

$31,525,125 55 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
Premium notes or loans on policies in force, . 
Par value of bonds owned (schedule A), 
Cash in company's office, 

in transit (since received), 

deposited in bank, ..... 

Bills receivable, 

Agents 1 ledger balances, 

Ledger assets (as per balance), 



|1,243,468 41 

27,352,727 03 

789,801 70 

1,051,025 00 

134,162 95 

137,545 92 

794,443 55 

571 83 

21,379 16 

131,525,125 55 



Other Assets. 
Interest due and accrued, .... 

Rents due and accrued, .... 

Market value of bonds, over par, 

Uncollected premiums on policies in force. 

Deferred premiums on policies in force, . 

Total, 

Deduct loading (20 per cent.),. 

Net anft of uncollected and deferred prenfs, 

Total assets per company's books, . 



'194,058 87 
597,195 00 

>791,253 87 
158,250 77 



t42,557 59 

7,021 98 
65,100 H 



633,003 10 
f 82,672,811 36 



L88 



OF OTHEK STATES. 
I ii Ms not Admitted, 



121 



\_i- n! -' balances, .... 

r>ill> receivable, .... 

Total 

Total admitted assets, 
Deducl special deposits in other States, 

Balance, ..... 



•21,379 l»i 
571 83 



62l.!»:.i) 99 



|32,650360 37 
121,767 16 

2,529,093 21 



LlABIUTTES. 

Computed premium reserve or net present value of all out 

mding policies (actuaries 1 I percent.), 
Death ind matured endowments in 

process of adjustment, , 
Claims resisted by the company, 

Total policy claims, . 
Unpaid dividends of surplus due policy holders 
Premiums paid in advance, 
Accrued commissions, 
(Jnpresented accounts, 
Reserve for paid-up insurance, 



$27,628,304 00 



1,649 62 
24,000 00 



Liabilities as to policy holders, . 
Deducl liability on special deposits, 



Surplus due to Tontine stipulations (being only 
a part of tin 1 undivided surplus derived from 
Tontine and semi-Tontine policies), 

General surplus 

Gross surplus, 

Gross liabilities 



210,649 62 

75,000 00 

2,000 00 

10,ooo 00 

3,000 00 

95,183 00 

$28,024,1:56 62 

1 -J 1.767 16 

127,902,369 46 



$739,27'.' 
3,887,444 23 



4,626,723 75 



$32,529,093 21 



Premium Note Account. 

Premium notes on hand, Dee. 31, 1887, . . £857,535 04 

Premium notes received during 1888, . . 104,008 75 

Total f961,543 79 

Used in payment of losses and claims, . . $37,266 27 
Used in payment of surrendered policies and 

voided by lapse, 22,122 32 

Used in payment of dividends to policy 

holders 95,058 75 

Redeemed by maker in cash, .... 17,294 75 

Total,.' 171,742 09 

Balance note assets, Dec. 31, 1888, §789,801 70 



122 



LIFE INSURANCE COMPANIES [Dec. 31, 



Exhibit of Policies. 
Policies "//if Additions in force Dec. 31, 1887. 

Number. Amount. Total No. Total amount. 

Whole life, . . . 50,205 $115,057,121 00 
Endowment, . . . 13,784 29,029,830 00 
All other, .... 417 3,528,372 00 

64,406 $147,615,323 00 



Whole life, 
Endowment, 

All other, . 



Policies issued during the Year. 

. 11,882 |32,776,021 00 

. 3,243 7,079,790 00 
87 403,000 00 



15,212 40,258,811 00 



Whole life, 
Endowment, 

All other, . 



Old Policies revived. 

189 $470,721 00 

62 127,500 00 

1 8,500 00 



252 



606,721 00 



Whole life, 
All other, . 

Additions by dividends, 
Total, . 



Old Policies increased. 
14 

2 $29,067 00 



16 29,067 00 

2,682,761 00 

79,886 $191,192,683 00 



Whole life,. 
Endowment, 
All other, . 



Policies terminated during the Year 

. 5,127 $12,613,785 00 

. 1,551 3,167,842 00 

78 2,892,165 00 





6,756 


$18,673,792 00 






How terminated. 




By death, . 


654 


$1,420,158 00 




By maturity, 


176 


231,443 00 




By expiry, . 


9 


2,570,984 00 




By surrender, 


529 


1,133,692 00 




By lapse, . 


3,860 


8,432,000 00 




By change and decrease, 


4 


320,401 00 




Not taken, . 


1,524 


t,565,114 00 











6,756 18,673,792 00 



Who],, life,. 
Endowment, 
All other, . 



Policies in fora Dec. .'>'/. 1888. 

. 57,163 $135,752,151 00 

. 15,538 38,122,451 00 

129 8,644,289 00 



78,130 $172,518,891 00 



L888.] 



OF 



United States bonds, 
Missouri State bonds, 
Kansas ( Sty ( Mo.) bonds, 
si. Louis city bonds, . 
Sheboygan (Wis ) eit\ bonds, 
Beloil ( Wis.) city bonds, . 
Beloil (Wis.) town bonds, 
Oshkosb city bonds, . 
Steven's Point city bonds, 
Milwaukee city bond-. 
( "hippewa County bonds, . 
Buffalo ( lounty bonds, 
Springfield ( 111.) city bonds, 
Morrison ( 111.) < i t \ bonds, 
Oarlinville (111.) city bonds, 

El WOOd ( 111) town bond-. 

Omaha (Neb.) city bonds, 
Georgia state bond-. 
Minnesota State bond-. 



OTHER 


STATES. 


123 


^< HI Ml 1 A. 






j owned by the Company. 






I'ar value. 


Mnrk< t value. 


. |115,000 00 


fl K>,293 


75 










8,000 00 


8,120 "i. 










75,<>< 


84,583 


33 










Mil.) oo 


101,201) 


l.o 


Bi 








58,626 00 


62,398 


33 










19,500 00 


53,020 


00 










2,800 ihi 


2,422 


66 










1,900 00 


1,987 


08 










2,000 00 


2,193 


33 










263,000 00 


268,615 


00 










15,000 00 


16,350 


00 










19,000 00 


20,1)1.-, 


00 










12,700 00 


18,646 


66 










3,500 00 


3,562 50 










5,000 00 


5,075 


00 










21,000 no 


21,:..". l 


25 










3,600 00 


243,270 


00 










12,000 00 


12,810 00 










53,000 00 


55,186 


25 










f 1,051,025 00 $1,116,125 


11 



"THE PENN MUTUAL LIFE INSURANCE COMPANY,' 1 
PHILADELPHIA, PA. 

[Incorporated Feb. '24, 1^47. Commenced business May 25, 1847.] 

Edward M. Needles, President. Henky C. Brown, Secretary. 



Income. 
Xew premiums without deductions, . 



Renewal premiums, . 
Cash received for annuities, 



Total, 

Deduct amount paid for re-insurance, 

Total premium income, 
Cash received for interest, 

for rents of company's property 
for profits on securities sold, 



Total income. 
Net or ledger assets. Dec. 31, 1887, 

Total, 



?6 10,311 23 

1,999,249 85 

1,000 00 

£2,640,561 08 
4,269 99 

$2,636,291 09 

664,136 87 

30,786 57 

22,540 90 



$3,353,755 43 
11,827,556 83 

§15,181,312 26 



124 



LIFE INSURANCE COMPANIES [Dec. 31, 



Disbursements. 
Cash paid for losses and additions, ..... 
Premium aotes or loans used in payment of same,. 
Cash paid for matured endowments and addition-. 
Premium note- or loans used in payment of same,. 

Gross amount paid for losses and endowments, 
Received for losses and claims on policies re-insured, . 

Net amount paid for losses and endowments, . 

Cash paid tor surrendered policies, 

Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, 

( lash dividends paid policy holders, $6,841.77 ; applied in pa} 

ment of premiums, $447,086.45, 

Premium notes or loans used in payment of dividends, . 

Total paid policy holders, 

( ash paid for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiner's fees, .... 
for salaries of officers and office employees, . 

for taxes and fees, 

for rent, 

for commuting commissions, .... 

for furniture and office fixtures, 

for advertising, printing, etc., . 

for incidentals,. . ... 



|814,463 23 

18360 77 

70,623 40 

4,613 60 

$008,561 00 
10,000 00 

|898,661 00 

181,816 03 

20,186 37 

453,928 22 
65,604 32 

$1,620,095 94 

280,360 66 

98,017 21 

31,917 00 

69,127 77 

61,714 61 

15,885 72 

6 70 

2,259 34 

25,510 93 

24,492 34 



Total disbursements, . 



. §2,229,388 22 



Balance, 



$12,951,924 04 



Invested in the following : — 

Assets as per Ledger Accounts 

Cosl value of real estate, 

Loans on mortgage of real estate (first liens) , 
on collateral security (schedule A), 
on company's policies assigned as collateral, 

Premium notes or loans on policies in force, . 

Cosl Value Of Stocks and bonds owned (schedule B), 

( !asfa iu company's office, 

< ';i-li deposited in hank, ...... 

Bills receivable ($46,051.05 secured), 

Agents 1 ledger balances secured, .... 



$690,494 07 

4,288,221* 71 

(5:50,600 00 

364,957 00 

572,448 99 

:>,S71,695 16 

7,:»49 77 

459,990 19 

64,280 75 

1,678 37 



Ledger assets (as per balance), 



$12,951,924 04 



1S88.] 



OF OTHER STATES. 

OTHER Assets. 



[uteres! due and accrued, .... 
Rents due and accrued, .... 

Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force. 
Deferred premiums on policies in force, . 



Total, 

Deduct loading (20 per cent.), . 

Net ami of uncollected and deferred proofs, 

Total assets per company's books, . 

Items \<>t Admitted. 

Bills receivable, 

Total admitted assets 



1181,768 71 

231,078 7; 1 . 

$412,847 44 

82,569 l'.» 



125 



$83,380 30 

5,669 10 

•116,176 si 



380,277 95 

113,787,428 29 

18,229 70 

$ 13,769,198 59 



Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent.), . . . $1 1,055,092 00 
Deduct net value of re-insured risks, G2,73G 00 



Net re-insurance reserve, . 
Death losses and matured endowments in 

justment, 

Unpaid dividends of surplus due policy holdei 
Life rate endowment fund, 
Premiums paid in advance. 
Outstanding scrip, 

Liabilities as to polic}* holders, . 
Surplus as regards special policy holders, 
Surplus as regards general policyholders, 

(iross surplus, 

Gross liabilities, .... 



process of ad- 



$11,592,356 00 

G9,5G0 00 

45,536 42 

296,635 74 

9,721 64 

9,050 00 



$12,022,859 80 



$40,824 39 
1,705,514 40 



1,746,338 79 



$13,769,198 59 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1887, . . $587,721 49 

Premium notes received during 1888, . . 104,320 71 

Total, $692,042 20 

Used in payment of losses and claims, . . $23,474 37 
Used in payment of surrendered policies and 

voided by lapse, 20,186 37 

L T sed in payment of dividends to policy holders, 65,604 32 

Redeemed by maker in cash, .... 10,328 15 

Total, 119,593 21 

Balance note assets, Dec. 31, 1888, $572,448 99 



12G 



LIFE INSURANCE COMPANIES [Dec. 31, 







Exhibit of Policies. 




Policies 


and Additions in force Dec. 31, 1S87 

Number. Amount. Total No. 


Whole life,. 


. 


. 17,011 $44,723,582 00 


Endowment, 


. 


. 7,292 14,412,671 00 


All other, . 


. 


606 1,61)2,720 00 


Rei ersionary 


additions 


, . - 189,832 00 



Total amount. 



24,909 $61,018,805 N 



Whole life,. 
Endowment, 

All other, . 



Policies issued during the Year. 

. 3,173 $8,242,021 00 

. 1,904 5,114,722 00 

225 545,090 00 



5,302 13,901,833 00 



Whole life, . 
Endowment, 
All other, . 



Old Policies revived. 

43 $67,000 00 

109 102,893 00 

203 494,186 00 



355 



664,079 00 



Old Policies changed and increased. 



Whole life,. 
Endowment, 
All other, .... 


14 
5 
9 


$135,500 00 
19,000 00 
12,500 00 


167,000 00 
53,178 00 


Additions by dividends, 






Total, .... 


. 30,594 


175,804,895 00 



Policies terminated during the Year. 

Whole life, .... 1,649 $4,252,765 00 
Endowment, ... 766 1,918,866 00 
All other, .... 465 1,260,382 00 



2,880 $7,432,013 00 



How terminated. 



By death, . 


322 


$857,350 00 


By maturity, 


30 


75,237 00 


By expiry, . 


96 


214,000 00 


1»\ surrender, 


596 


1,327,762 00 


r,\ lapse, . 


. 1,210 


2,740,380 00 


By change and decrease, 


20 


492,674 00 


Not t:ikcn, . 


606 


1,724,610 00 



2,880 $7,432,013 00 



L888.] 



OF OTHER STATES. 



127 



Policies inform Dec. • >'/. 1888. 



Whole life,. 
Endowment, 
All other, . 
Reversionary additions, 



Number. Amount. Total No. Total amount. 

18,692' !£8,915,S88 00 

it 17,780,420 00 

578 1,495,955 00 

281,169 00 

27.711 $68,372382 00 



8< in .i»i ii. A. 
9f( curitiei //< Id as Oollater 

Shenandoah Iron. Lnmb., M.and Nf. Co. bonds, 
Life insurance policy assigned, 
Shenandoah Iron, Lamb., M. and M. ( '<>. bonds, 
Pennsylvania Railroad Co. bonds, . 
Northern Central Railroad bonds, . 

Austin (Tex.) eity water bonds, 

Canton and Waynesburg Railroad bonds, 
Anniston and Cin. Railroad bonds, . 
Jacksonville, Tampa and Key West R. 1!. b'ds, 
Marietta and No. Georgia Railroad Co., . ) 
Life policy assigned, ? 

Marietta and No. Georgia Railroad bonds, 
Nevada (Mo.) Water Co. bond-. 
Cape Fear and Yadkin Valley Railroad bond-. 
Wilkesbarre and Western Railroad bonds, 
Americas, Preston and Lumpkin K. R. bonds, . 
Corsicana (Tex.) Street Railway bond-. . 
Austin (Tex.) City Water Co. bond-. 
2800 share- Chestnut St T. and S. F. Co., 
50 " Mechanics' Fire In-nranee Co., 
100 - United Firemen's Insurance Co., . 
2500 l - Real Estate Investment Co., . 
Hot Springs (Ark.) city certificates, 
Carthage and Adirondack Railway Co. bonds,. 



Schedule B. 

Stocks and Bonds owned by the 



United States bonds, 
Pennsylvania Railroad bonds, . 
American Steamship Co. bonds, 
Pennsylvania Equip. Trust certificates, 
Northern Central Railway bonds, 
North Pennsylvania Railroad bonds, 
Phoenix Iron Co. bonds, . 
Lehigh Valley Railroad bonds, 



al. 

Market value. 

$16,250 00 i 

4,480 00 ! 

6,000 00 

2,440 00 

1,100 00 

2,200 00 

100,000 00 

118,750 00 

200,000 «Mi 



Amount loaned 

$20,000 00 

6,000 00 
2,000 00 

2,800 00 

60,000 nn 
100,000 00 
160,000 00 



29,400 00 15,000 00 



58,800 00 
17.500 00 
59,850 00 
31,500 00 
56,000 00 
10,800 00 
33,250 00 
31,500 00^ 
2,125 00 I 



45,000 00 
30,000 00 
50,000 00 
25,000 00 
50,000 00 
8,000 00 
17,000 00 



1,375 00 
8,500 00 J 
14,448 74 
2,000 00 



} 25,000 00 



12,800 00 
2,000 00 



$838,268 74 $630,600 00 



Company. 

Par value. 

§50,000 00 

206,000 00 

25,000 00 

100,000 00 

197,000 00 

100,000 00 

67,000 00 

26,000 00 



Market value. 

§64,000 00 

248,860 00 

27,000 00 

96,000 00 

215,830 00 

132,000 00 

68,340 00 

27,300 00 



128 



LIFE INSURANCE COMPANIES [Dec. 31, 



New York. Lack, and Western R. K. bonds, 
Baltimore and Ohio Railroad bonds, 
Carthage and Adirondack Railroad bonds, 
Illinois and Si Louis Railroad bonds, 
Venice and Corondelef Railway bonds, . 
Jacksonville, So. Eastern (111.) Railway b'ds, 
Minneapolis and St. Louis Railroad bonds, 
Minneapolis and Duluth Railroad bonds. 
Terre Haute and Logansporl Railroad bonds, 
Columbua and Cin. (O.) Midland R. R. bonds 
Grand Rapids and Indiana Railroad bonds, 
Marietta and North Georgia Railroad bonds, 
( ape Fear and Yadkin Val. (N. C.) R. R. b'ds 
Zanesville and Ohio River Railway bonds, 
Toledo Belt Railroad bonds, 
Ohio River Railroad bonds, 
( hicago, Peoria and St. Louis Railroad bonds 
Cleveland and Canton Railroad bonds, . 
Capitol, North O. St. and So. AYash u 11. 11. b'ds 
Union League, Philadelphia, bonds, 

Chester (Pa.) bonds, 

Ilarrisburg city bonds, .... 

Salem (N. J ) city bonds, 

Durham (X. C.) eity bonds, 

Cumberland city (Md.) bonds, 

Xenia city (O.) bonds, .... 

Piqua city (O.) schoolhouse bonds, . 

Scioto County (O.) bonds, 

Findlay (O.) Water Works bonds, . 

Alt. Vernon (O.) city bonds, 

Ravenna (O.) city bonds, .... 

Lima (O.) city bonds, .... 

Louisville (Ky.) city bonds, 

Evansville (Ind.) bonds, .... 

St. Joseph (Mo.) bonds, .... 

Leavenworth city (Kan.) bonds, 

Atchison (Kan.) bonds, .... 

City and town, of Independence (Kan.) b'ds, 

County of Saline (Kan.) bonds, 

Duluth (Minn.) Board of Trade bonds, . 

Lincoln city (Neb.) bonds, 

Nebraska city (Neb ) bonds, 

Hastings city (Neb.) bonds, 

Commercial Club of city of Fort Worth b'ds, 

.Jamestown (X. Y.) Water Supply Co. bonds, 

Jamestown (X. Y .) Gas Co. bonds, . 

I [ndson River Water Power and Paper ( '<». b'ds, 

Chillicothe (().) (ias and Water Co. bonds, 
Hamilton and Rossville (O.) Hyd'lic Co. b'ds, 



Par value. 

150,000 00 
75,000 00 
50,000 00 

100,000 00 

200,000 00 

50,000 00 

100,000 00 
50,000 00 

99,000 00 

150,000 00 

100,000 00 

150,000 00 

150,000 00 

120,000 00 

150,000 00 

100,000 00 

100,000 00 

150,000 00 

50,000 00 

35,000 00 

182,000 00 

59,000 00 

75,000 00 

50,000 00 

50,000 00 

77,000 00 

24,000 00 

9,000 00 

75,000 00 

22,000 00 

60,000 00 

150,000 00 

50,000 00 

45,000 00 

175,000 00 

100,500 00 

75,000 00 

48,200 00 

84,000 00 

40,000 00 

40,000 00 

100,000 00 

loo,000 00 

20,000 00 

150,000 00 

50,000 00 

50,000 00 

88,500 00 

50,000 00 



Market value. 

|56,000 00 
38,500 00 
t2,500 00 

110,000 00 
200,000 00 

19,000 00 
100,000 00 

50,000 00 
100,980 00 
1:57,250 00 

90,000 00 
152,000 00 
147,000 00 
114,000 00 

1 1;»,500 oo 

100,000 00 
92,500 00 

141,000 00 
51,000 00 
35,875 00 

200,200 00 
00,080 00 
77,250 00 
51,500 00 
53,000 00 
78,750 00 
24,720 00 
9,180 00 
78,000 00 
22,000 00 
00,000 00 

154,500 00 
58,500 00 
45,000 00 

178,500 00 
89,400 00 
68,000 00 
50,128 00 
84,000 00 
40,000 00 
41,600 00 

102,000 00 
98,000 00 
20,800 00 

15 1,500 00 
51,000 00 
50,000 00 
83,500 00 
50,000 00 



1888.] 



OF OTHER STATES. 



129 



Louisville (Ky.) Water Co, bonds, . 
St. Joseph (Mo.) Water Co. bonds, . 

iToplin (Mo.) Water Co. bonds, 

Hot Springs (Ark.) Water Co. bonds, 
Burlington (la.) Water Co. bonds, . 
Austin (Tex.) Water Co. bonds, 
Freeport (HI.) Water Co. bonds, 

Hutchinson (Kan.) W., LH and Tel. Co. bonds 
National Water Works Co. of N. Y. bonds, 
Boonevillc (Mo.) Water Co. bonds, . 
Abilene (Kan.) Water and Elcc. L't Co. bond-, 
National Water Works Investment Co. bonds, 
-hare- Delaware Mutual Safety Ins. Co., . 
209 " Commercial Natl Bank, Pbila., 
100 " Western Natl Bank, Philadelphia, 
100 " Corn Ex. Nat'l Bank, Philadelphia, 
76 " Bank of North America, Phila., 
50 M Girard Natl Bank, Philadelphia, . 



Par value. 

$100,000 00 

100,000 00 

75,000 00 

100,000 00 

75,000 00 

130,000 00 

109,000 00 

150,000 00 

100,000 00 

50,000 00 

67,000 00 

100,000 00 

6,250 00 

10,450 00 

5,000 00 

5,000 00 

7,600 00 

2,000 00 



Market value. 

$110,000 00 

106,000 00 

78,750 00 

100,000 00 

79,500 00 

143,000 00 

112,270 00 

141,000 00 

105,000 00 

49,000 00 

68,340 00 

95,000 00 

12,500 00 

12,749 00 

10,900 00 

7,500 00 

26,600 00 

.".,000 00 



, 

Excess of market value over cost, . 



$6,092,500 00 $6,287,872 00 
. 5,871,695 16 



$416,176 84 



" PROVIDENT LIFE AND TRUST COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated March 22, 1865. Commenced business June, 1865.] 
Paid-up Capital, $1,000,000. 

Samuel R. Shipley, President. Asa S. Wing, Vice-Pres. and Actuary. 



Income. 

New premiums without deductions, 

Renewal premiums, 

Cash received for annuities, 

Total premium income, 
Cash received for interest, 
Cash received on investments of capital,* 



$460,000 00 

2,072,894 19 

15,573 99 

$2,548,468 18 

598,544 14 

44,610 00 



* The charter, besides authority to transact a life insurance business, confers also authority to 
act as administrator, executor, etc., to transact what is known as a trust business. The relations 
of the two departments of the business are fixed by the provisions of the charter. The accounts 
are kept entirely distinct and separate. The entire surplus in the insurance department accumu- 
lates for the benefit of the policy holders. The only advantage, direct or indirect, which the 
stockholders can at any time have from the union of the two features of the business, results from 
the fact that the management of the trust business, from which they derive their profits, is done 
for them without charge. This includes the interest on the capital. 



130 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash received for rents of company's property, 
Cash received for profits on bonds or stocks sold, . 



§12,168 44 
45,450 59 



Total income §3,249,241 35 

Net or Ledger assets, Dec. 31, 1887, 12,653,341 36 



Total, 



$15,902,582 71 



Disbursements. 
Cash paid for losses and additions, .... 
Cash paid for matured endowments and additions, 

(iross amount paid for losses and endowments, 

Cash paid to annuitants, 

Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, 

Cash dividends paid policy holders, applied in paj-ment of 

premiums, 

Premium notes or loans used in payment of dividends, . 

Total paid policy holders, 

Cash paid for dividends to stockholders,* 

for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiner's fees, .... 
for salaries of officers and office employees, . 

for taxes and fees, 

for rent, 

for furniture and office fixtures, 

for advertising, 

for incidentals, 

Total disbursements, 

Balance, 



$597,860 00 
204,995 00 



$802,855 00 
22,318 63 
79,020 59 

145 20 

305,449 32 
4,215 00 

1,214,003 74 

44,610 00 

246,048 44 

19,412 88 

18,140 79 

84,568 60 

45,137 43 

7,511 84 

5,976 59 

7,946 99 

36,601 10 



§1,729,958 40 
§14,172,624 31 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
Loans on company's policies assigned as collateral, 
Premium notes or loans on policies in force, . 
( lost value of stocks and bonds owned (schedule A), 
Cash in company's office and in bank, . . . 

Ledger assets (as per balance), 



$1,040,72-*) 92 

7,117,879 16 

272,856 07 

37,922 52 

5,682,835 00 

20,905 64 

$14,172,624 31 



* See foot-note on p. 129. 



L888.] 



OF OTHER STATES. 
Other Assets. 



Interest due and accrued, .... 

Rents due and accrued 

Market value of stocks and bonds, over cost, 

Uncollected premiums on policies in force, 
Deferred premiums on policies in force, . 

Total, 

Deduct loading (20 per cent.), . 

Net ain't of uncollected and deferred prem's, 
Total assets per company's books, . 



131 



$140,900 53 

395 00 

285,485 00 



$208,001 65 
411,272 47 

$619,274 12 
128,854 82 



495,419 30 
$15,094,824 14 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries 1 4 per cent.), . . . $12,665,360 00 

Death losses and matured endowments in 
process of adjustment |48,292 00 



Due and unpaid on annuity claims, 

Total policy claims, . 
Unpaid dividends of surplus due policy holders. 
Premiums paid in advance, 
Miscellaneous, .... 



Liabilities as to policy holders, 
Surplus as regards policy holders, 
Paid-up capital, 
Surplus over capital, 



Gross liabilities, 



394 85 




270,100 64 



Premium Note Account 



48,686 85 

27,398 95 

53,944 91 

29,832 79 

112,824,723 50 



. 1,000,000 00 
. 1,270,100 64 

$15,094,824 14 



Premium notes on hand, Dec. 31, 1887, . . $40,746 44 

Premium notes received during 1888, . . 3,674 00 

Total, 

Used in payment of surrendered policies and 

voided by lapse, 8145 20 

Used in payment of dividends to policy holders, 4,2 15 00 

Redeemed by maker in cash, .... 2,137 72 

Total, 

Balance note assets, Dec. 31, 1888, 

Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1887. 



$44,420 44 



6,497 92 



$37,922 52 





Number. 


Amount. Total No. 


Total amount. 


Whole life, . .. 


. 2,029 


$6,706,373 00 




Endowment, 


. 16,264 


49,953,592 00 




All other, . 


44 


118,200 00 




Reversionary additions, 


- 


359,488 00 








18,337 


$57,137,653 00 



132 



LIFE INSURANCE COMPANIES [Dec. 31, 



Policies issued during the Year. 

Number. Amount. Total No. 



Total amount. 



Whole life,. 


175 $687,426 00 






Endowment, 


. 3,632 10,390,649 00 






All other, . 


3 44,000 00 










3,810 


$11,122,075 00 








Old Policies revived. 






Whole life, . 


3 $3,000 00 






Endowment, 


51 168,500 00 






All other, . 


577 00 










54 


172,077 00 



Whole life, . 
Endowment, 

Additions by dividends, 



Old Policies increased.. 

5 f25,500 00 

80 264,000 00 



85 



289,500 00 
91,789 00 



Total, 22,286 $68,813,094 00 



Policies terminated during the Year. 



Whole life, . 


124 


$552,796 00 


Endowment, 


. 1,411 


4,183,847 00 


All other, . 


15 


72,757 00 




1,550 


$4,809,400 00 




How terminated. 


By death, . 


165 


$620,934 00 


By maturity, 


84 


204,995 00 


By expiry, . 


6 


21,500 00 


By surrender, 


282 


934,810 00 


By lapse, . 


865 


2,368,411 00 


By change and decreas 


e, . 85 


476,750 00 


Not taken, . 


63 


182,000 00 

1,550 4,809,400 00 



Whole life, . 
Endowment, 
All other, . 
Reversionary additions, 



Policies in force Dec. 31, 188S. 
. 2,088 $6,869,503 00 



18,616 
32 



56,592,894 00 
117,200 00 
424,097 00 



20,736 $64,003,694 00 



38.] 



OF OTHER STATES. 



133 



Schedule A. 

Stocks and Bowls owned by (he Company. 

Cost. 

United States bonds §378,875 00 

Lehigh Valley Railroad bonds, . . . -is 1,000 00 

Central National Bank stock, Philadelphia, . K'2,000 00 

BastOO and Amboy Railroad bonds, . . 227,000 00 

Lehigh Coal and Navigation Company bonds, 96,000 00 

Baltimore and Ohio Railroad bonds, . . 152,000 00 

Northern Pacific Railroad bonds, . . . 185,500 00 

City of Louisville (Ky.) bonds . . . 250,000 00 

Lehigh and Wilkes-Barre Coal Co. bonds, . 15,000 00 

Pennsylvania Railroad bonds 265,000 00 

Summit Branch Railroad bond-. . . . 22,500 00 

Northern Central Railroad bonds, . . . 206,000 00 

Kentucky and Indiana Bridge Co. bond-. . 61,600 00 

Phila and Baltimore Central R. R. bond-. . 50,000 00 

Texas and Pacific Railway bond-, . . . 144,000 00 

North Pennsylvania Railroad bonds. . . 1,000 00 

Catasanqna and Fogelsville R. R. bonds, . 36,000 00 

Bell R. R. and Stock Yard Company bonds 30,000 00 

Missouri Pacific Railroad bonds, . . . 100,000 00 

New York and Pacific Car Trust bonds, . . 64,000 00 

Oregon and Pacific Railroad bond-, . . 60,000 00 

Car Trust of New York bond-. . . . 201,900 00 

Verdegrifl Yal., Inde. and Western R. R. bonds, 49,500 00 

Central Railroad of New Jersey bonds, . . 207,000 00 

City of Richmond (Va.) bond-, . . . 128,750 00 

Pennsylvania Equipment Trust bonds, . . 182,500 00 

West Philadelphia Pass. Railroad bonds, . 54,500 00 

Lynchburg (Ya.) bonds, 50,000 00 

Gloucester Ferry Company bonds, . . . 200,000 00 

Chicago, Mil. and St. Paul Railroad bonds, . 98,000 00 

Texas and Pacific Railroad bonds, . . . 33,000 00 

N. Y.. Lake Erie and Western R. R. bonds, . 50,000 00 

Philadelphia and Reading Railroad bonds, . 530,210 00 

Quincy (111.) city bonds, 100,000 00 

St. Louis city bonds, 88,000 00 

Grand Rapids and Indiana R. R. bonds, . . 96,000 00 

Western Pennsylvania Railroad bonds, . . 50,000 00 

Lehigh Coal and Navigation Company bonds, 200,000 00 

Mercer County (Ky.) bonds, .... 100,000 00 

Cincinnati city bonds, 3,000 00 



Market value. 

$378,875 00 

586,350 00 

102,000 00 

250,800 00 

98,000 00 

162,000 00 

199,210 00 

250,000 00 

15,750 00 

316,300 00 

25,000 00 

292,600 00 

64,000 00 

52,500 00 

i:.(»,240 00 

306,230 00 

36,000 00 

30,000 00 

110,000 00 

44,800 00 

60,000 00 

191,000 00 

50,000 00 

214,000 00 

131,250 00 

186,000 00 

55,000 00 

50,000 00 

200,000 00 

100,500 00 

29,415 00 

50,000 00 

536,500 00 

100,000 00 

88,000 00 

97,000 00 

50,000 00 

200,000 00 

100,000 00 

3,000 00 



85,682,835 00 §5,968,320 00 



134 



LIFE INSURANCE COMPANIES [Dec. 31, 



"PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OF NEW 

YORK." NEW YORK, N. Y. 

[Incorporated Feb. 25, 1875. Commenced business Aug. 10, 1875.] 
Paid-up Capital, $100,000. 
Sheppabd IIomans, President. William E. Stevens, Secretary. 



Income. 
New premiums without deductions, 
Renewal premiums, .... 



Total, . . . . 
Deduct amount paid for re-insurance, 

Total premium income, 
Cash received for interest, 



Total income, 
Net or ledger assets, Dec. 31, 1887, 



Total, 



of a 



Disbursements 

Cash paid for losses and additions, . 

to annuitants, .... 

for surrendered policies, . 
Cash dividends paid policy holders, 

Total paid policy holders, . 
Cash paid for commissions to agents, 

for salaries and travelling expenses 

for medical examiner's fees, . 

for salaries of officers and office employ 

for taxes and fees, . 

for rent, 

for commuting commissions, . 
Cash advanced to officers or agents, 
Cash paid for furniture and office fixtures, 

for advertising, 

for incidentals, .... 



Total disbursements, 



Balance, 



gents, 
ees, . 



? 190,922 71 

962,350 78 

$1,153,273 49 

8,120 84 

$1,145,152 65 

18,472 56 

$1,163,625 21 

389,518 48 

$1,553,143 69 



$401,232 51 

100 00 

4,628 79 

376,680 61 

$782,641 91 

107,888 13 

13,252 42 

7,514 94 

32,266 48 

11,685 64 

15,607 85 

6,150 41 

9,004 58 

458 38 

8,043 21 

17,407 19 

1,011,921 14 

$541,222 55 



Invested in the following : — 

Assets as per Ledger Accounts. 

Loans on mortgage of real estate (first liens), 
on collateral security (schedule A), 
on company's policies assigned as collateral, 



$127,400 00 

45,000 00 

3,500 00 



38.] 



OF OTHER STATES. 



135 



I si value of stocks and bonds owned (schedule B), 
in company's office, . 
deposited in bank, . 
its' ledger balances, 

L. dger assets (as per balance), 
Deduct depreciation from cost of assets, 

Total net or ledger ass 



Other Assets 

Interest due and accrued 

Uncollected premiums on policies in force, . §13,689 38 
Deferred premiums on policies in force, . . 46,461 06 

Total |60,150 44 

Deduct loading (20 per cent) 12,030 08 

Net am't of uncollected and deferred pren 

Total assets per company's books, . 



$263,301 25 

2,183 99 

77,815 74 

21,961 57 

8541,222 do 
1,998 75 

$539,223 80 



3,782 74 



48,120 
§591,120 90 



Items not Admitted. 



nts 1 balances, 
Total admitted assets, 



21,961 57 
$569,165 33 



Liability 

Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent.), 
Deduct net value of re-insured risks, » 



Net re-insurance reserve, . 

Death losses in process of adjustment, 
Claims resisted by the company, 
Total policy claims, . 

Liabilities as to policy holders, 
Surplus as regards policy holders, 
Paid-up capital, .... 
Surplus over capital, 



Gross liabilities, 



$ 20,000 00 
15,000 00 



$376,899 33 



$158,510 00 
1,244 00 

$157,266 00 

35,000 00 
$192,266 00 

100,000 00 
276,899 33 

$569,165 33 



Exhibit of Policies. 

Policies and Additions in force Bee. 31, 1887. 

Number. Amount. Total No. Total amount. 

Whole life,. ... 146 067,41100 

Endowment, ... 80 77,150 00 

All other, .... 11.338 46.727,125 00 

11,564 $46,871,686 00 



136 



LIFE INSURANCE COMPANIES [Dec. 31 



Endowment, 
All other, . 



Policies issued during ike Year. 

Number. Amount. Total No. 

G3 801,200 00 

3,203 11,879,000 00 



Old policies revived, . 
Old policies increased, 



Total, 



Total amount. 



3,260 $11,940,200 00 
11 44,000 00 

10 18,000 00 



14,851 $58,873,886 00 



Policies terminated during the Year. 

Whole life,. ... .25 $13,52500 

Endowment, ... 41 36,600 00 

All other, .... 1,932 7,811,475 00 





1,998 


17,861,600 00 




How terminated. 


By death, . 


100 


$394,725 00 


By expiry, . 


1,606 


6,388,625 00 


By surrender, 


16 


21,750 00 


By lapse, 


36 


13,500 00 


By change and decrease, 


- 


171,000 00 


Not taken, . 


240 


872,000 00 



1,998 7,861,600 00 



Whole life, . 
Endowment, 
All other, . 



Policies in force Bee. 31, 1888. 

121 $53,886 00 

102 101,750 00 

. 12,630 50,856,650 00 



12,853 $51,012,286 00 



Schedule A. 

Securities held as Collateral. 

\ Market value. 

Troy and Boston Railroad bonds, . . . $17,100 00 
250 shares Orange Mt. (N. J.) Land Company, 25,000 00 

Northwestern Telegraph Company bonds, . 20,000 00 



Amount loaned. 

§15,000 00 
14,000 00 
16,000 00 



$62,100 00 ".,000 00 

Schedule B. 

Stocks and Bonds owned by the Company. 

Cost. Market value. 

United States bonds, $113,250 00 $108,500 00 

Atchison, Jewell Co. and West. R.R. bonds, . 15,190 00 16,500 00 

Toledo, Ann Arbor and No. Mich. R. R. bonds, 14,181 25 14,887 50 

Toledo and Ohio Central Railroad bonds, . 7,720 00 8,280 00 

Essex Passenger Bailroad bonds, . . . 11,212 50 11,212 50 

( linn , Sandusky and Cleveland R. R. bonds, . 5,075 00 .".,100 00 



38.] 



OF OTHER STATES. 



137 



rlewood (N. J.) Free School Dist bonds, . 

tUe, Lake Shore and Bast R. EL bonds, 

Quebec government bonds 

V>rk. Out and Western Railroad bonds, 
Denver and Rio Grande Railroad bonds, 
New York. Chicago and St Lonia \l. \\. bonds, 
10 -hare- Macon (da ) Savings Bank, 



$15,477 50 
9,750 00 
12,862 50 
16,725 00 
28,160 00 
18,287 50 
980 00 



Market value. 

|15,477 50 

9,550 00 
12,477 50 
16,800 00 
23,250 00 
18,287 50 
980 00 



13,861 25 f261,362 50 



"THE TRAVELERS 1 INSURANCE COMPANY,' 1 HARTFORD, COXX. 

[Incorporated June 17, 1S63. Commenced Dimness July, 1866.] 

James (t. Batteeson, President. Rodney Dennis, Secretary. 



Income 

New premiums without deductions, 
Renewal premiums, .... 

Cash received for annuities, 



Total 

Deduct amount paid for re-insurance, 

Total premium income, 
Cash received for interest. 

for rents of company's property, 
for profits on bonds or stocks sold, 



Total income, .... 
Net or ledger assets, Dec. 31. l sx 7, . 



Total, 



$200,961 57 

1,013,795 45 

5,100 00 

$1,219,857 02 

8,898 65 



$1,210,958 37 

420,412 14 

26,443 05 

24,475 00 



§1,688,288 56 
8,105,170 29 



§9,793,458 85 



Disbursements. 

Cash paid for losses and additions, .... 
Cash paid for matured endowments and additions, . 

Gross amount paid for losses and endowments, 

Cash paid to annuitants, 

Cash paid for surrendered policies, .... 

Total paid policy holders, 

Cash paid for commissions to agents, 

for salaries and travelling expenses of agents 
for medical examiner's fees, . 
for salaries of officers and office employees, 
for taxes and fees, 



$445,580 38 

o6,loo 00 

§501,735 38 

400 00 

78,407 53 

$580,542 91 

113,242 02 

5,672 93 

11,699 82 

60,574 27 

13,521 56 



138 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for rent, . 

for advertising, 
for incidentals, 

Profit and loss account, 

Total disbursements, . 
Balance, 



$1,050 04 
36,692 08 
18,596 62 

9,689 28 



,281 53 



5,947,177 82 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
on collateral security (schedule A), 
on company's policies assigned as collateral, 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Bills receivable, 

Agents' ledger balances, 

Ledger assets (as per balance), 
Deduct depreciation from cost of assets, . 

Total net or ledger assets, 



$ 1,357,843 79 

3,425,476 50 

239,415 00 

164,255 00 

2,936,816 20 

4,585 67 

647,833 35 

85,250 00 

85,701 81 

$8,947,177 32 
604,828 61 

$8,342,348 71 



Other Assets. 

Interest accrued, 72,360 46 

Uncollected premiums on policies in force, . $ 112,086 52 
Deferred premiums on policies in force, . . 153,110 55 

Total, $265,197 07 

Deduct loading (12 per cent.),. . . . 31,823 65 

Net am't of uncollected and deferred prem's, . 233,373 42 

Total assets per company's books, $8,648,082 59 



Items not Admitted. 



Agents' balances, 
Bills receivable, 
Total, . 

Total admitted assets, 
Deduct special deposits, . 



,701 81 
85,250 00 



170,951 81 

$8,177,130 78 
481,465 17 



Balance, ? 7,995,665 61 



1888.] 



OF OTHER STATES. 



139 



Liabilities. 

Computed premium reserve or nel present value of all out- 
standing polioies (actuaries 1 l per cent.), .... $7,459,989 00 
Deduct nel value of re-insured risks, 25,975 00 



Net re-insurance reserve, .... 

Death losses and matured endowments in 

process of adjustment, 

Claims resisted by the company, 

Total policy claims, . 
Reserve for indemnity contracts, 

Liabilities as to policy holders, . 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Gross liabilities, 



. $7,434,014 00 



|26,679 00 

1,000 00 



27,679 00 
5,000 00 



. $7,466,698 00 

481,405 17 

$6,985,227 83 

1,010,437 78 

. $7,995,605 61 



Whole life, . 
Endowment, 
All other, . 



Exhibit OF POLICIES. 

Policies and Additions in Force Dec. 31, 1887. 

Number. Amount. Total No. 

. 14,255 126,512,614 00 

. 5,088 '.',129,494 00 
497 1,797,785 00 



Total amount. 



19,840 $37,739,893 00 



"Whole life, . 
Endowment, 
All other, . 



Policies issued during /he Year. 

. 1,634 $3,834,109 00 
976 1,959,514 00 
536 1,769,092 00 



3,146 7,562,715 00 



Whole life, 
Endowment, 
All other, . 



Old Policies revived. 

24 $46,370 00 

6 22,073 00 

1 10,000 00 



Whole life policies increased, 



31 



78,443 00 
16,000 00 



Total, 23,017 $45,397,051 00 



Whole life, 
Endowment, 
All other, . 



Policies terminated during the Year. 



1,200 
548 
152 



£2,662,045 00 

1,100,853 00 

495,792 00 



1,900 $4,258,690 00 



140 



LIFE INSURANCE COMPANIES [Dec. 31, 





How terminated. 








Number. Amount. 


Total No. 


Total amount. 


By death, . 


208 §438,748 00 






By maturity, 


49 57,421 00 






By expiry, . 


3 12,000 00 






By surrender, 


173 269,716 00 






By lapse, . 


948 2,094,250 00 






By change and decrease, 


203 602,763 00 






Not taken, . 


316 783,792 00 










1,900 


$4,258,690 00 



Whole life, 
Endowment, 
All other, . 



Policies in force Dec. 31, 188S. 

. 14,713 $27,747,048 00 

. 5,522 10,310,228 00 

882 3,081,085 00 



21,117 §41,138,361 00 



Schedule A. 

Securities held as Collateral. 



Phoenix Insurance Company stock, Hartford, . 
Chicago, Bur. and Quincy R. R. Co. stock, 
Hartford Silver Plate Co. stock, Hartford, 
Hartford Trust Company stock, Hartford, 
Bank of North America stock, New York, 
Galveston, Harrisb. and San Anto. R. R. bonds, 
City of Jacksonville (Fla.) bond, 
Willimantic Linen Company stock, 
First National Bank stock, Alamosa, Colorado, 
North Poudre Land and Canal Company stock, 
Note of Richmond Iron Works, Richmond, 

Mass., secured, 

Eagle Lock Company, Terryville, Conn., 
So. New Eng. Tel. Co. stock, New Haven, Conn., 
Pratt & Cady Company stock, Hartford, Conn., 
Jewell Pin Co. stock, Hartford, Conn., . 
Billings & Spencer Co. stock, Hartford, Conn., 
898 shares Meriden Britannia Company, . 
It. Wallace & Sons Mf. Co., Wallingford, Conn., 
Hall, Elton & Co. Mf . Co., Wallingford, Conn., 
Wilcox & White Organ Mf . Co., Meriden, Conn., 
Cheshire Brass Manuf. Co., Cheshire, Conn., . 
Winchester Anns Mf. Co., New Haven, Conn., 
Trenton Water Company bonds, Trenton, Mo., 
Parson Light and Beat Co., Parsons, Kan., 



Market value. 

$925 00 

550 00 

20,000 00 

3,125 00 

725 00 

59,840 00 

1,000 00 

21,750 00 

6,250 00 

650 00 



120,000 

360 

140 

4,000 

500 

1,000 

80,820 

4,850 

7,500 

7,500 

7,500 

48,750 

50,00Q 

24,000 



1 



00 
00 
00 
00 
00 
00 ) 

00 
00 
00 
00 
00 
00 
00 



Amount loaned. 

$500 00 

415 00 

9,990 00 

3,000 00 

50,000 00 

60 00 

19,000 00 

5,000 00 

500 00 

65,000 00 
450 00 

3,000 00 



> 57,500 00 



25,000 00 



$471,735 00 $239,415 00 



L888.] 



OF OTHER STATES. 



141 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost. Market Viilue. 

Georgia State bonds $29,3:30 00 $29,120 00 

Province of Manitoba (Can.) bonds, . . 79,443 47 80,192 94 

Clark County (Dak.) school district bonds, . 5,952 00 6,200 00 

Traill County (Dak.) bonds, .... 1*600 00 1,500 00 

Riley County (Kan.) bonds, .... 48,000 00 48,00000 

Escambia County (Fla.) bonds, . . . 9,360 00 9,270 00 

Pendleton County (Ky.) turnpike bonds,. . 21,200 00 21,200 00 

Otter Tail County (Minn.) bonds, . . . 45,500 00 50,000 no 

Butler County (Neb.) bonds 57,085 00 56,840 00 

Laramie County (Wyo.) bonds, . . . 50,000 00 50,000 00 

Middletown (Conn.) town bonds, . . . 10,780 67 10,500 00 

Parkdale (Ont.) town bonds 11,765 00 12,000 00 

Collinswood (Ont) town school bonds, . . 8,850 00 9,381 00 

Almonte (Ont.) town bonds, .... 14,531 33 14,900 00 

Paris (Ont.) town water work- bonds, . . 8,567 75 8,880 00 

Windsor (Ont) town bonds, .... 11,124 84 11,252 23 

Coaticook (Que.) town bonds 25,375 00 25,750 00 

Frankfort (Dak.) Township school bond-. . 1,455 00 1,500 00 

Lakin (Kan.) Township bridge bonds, . . 7,455 00 7,700 00 

Lancaster (Kan.) Township railroad bonds, . 14,850 00 15,000 00 

Walnut (Kan.) Township railroad bonds, . 18,000 00 18,000 00 

Rock Creek (Kan.) Township railroad bonds, . 25,000 00 25,000 00 

Parker (Kan.) Township railroad bond-. . 24,500 00 25,000 00 

Canton (Kan.) Township railroad bond-. . 15,200 00 16,000 00 

Elk (Kan.) Township railroad bonds, . . 13,125 00 13,125 00 

Crawford (Kan.) Township railroad bonds, . 23,875 00 25,000 00 

Blaine (Kan.) Township railroad bonds, . . 13,200 00 13,200 00 

Oswego (Kan.) Township funding bonds, . 10,000 00 10,000 00 

Indianapolis (Ind.) city bonds. .... 7,766 66 10,000 00 

Winnipeg (Man.) city bond- 54,470 00 54,500 00 

Colorado City (Col.) city bonds, . . . 5,000 00 5,000 00 

Canon City (Col.) city bonds, .... 30,070 00 30,070 00 

Pueblo (Col.) city bonds, 22,736 25 22,736 25 

Lexington (Ky.) city bonds, .... 30,600 00 30,600 00 

Jacksonville (Fla.) city bonds, . . . 4,000 00 4,000 00 

Council Bluffs (la.) city bonds, . . . 35,350 00 35,350 00 

Falls City (Xeb.) city bonds 22,560 00 22,560 00 

Clyde City (Kan.) city bonds, .... 4,375 00 4,375 00 

Arkansas (Kan.) city school bonds, . . . 26,250 00 26,250 00 

Topeka (Kan.) city bonds, .... 34,686 84 44,000 00 

Ottawa (Kan.) city bonds, .... 8,160 00 8,160 00 

Kansas City (Kan.) city bonds, . . . 36,400 00 36,400 00 

Sherbrooke (Que.) city bonds, .... 30,750 00 31,500 00 

Quebec (Que.) city bonds, .... 49,000 00 51,000 00 

Hartford (Conn.) city bonds, . . . . 10,600 00 10,100 00 

Montreal (Que.) city bonds, .... 68,117 83 73,790 00 



142 LIFE INSURANCE COMPANIES [Dec. 31, 

Cost. Market value. 

St. Thomas (Out.) city bonds, .... §33,765 00 $34,500 00 

600 shares Hartford City Gas Light Co., . . 28,635 01 15,000 00 

Ft Smith and Van Buren Bridge Co. bonds, . 52,500 00 52,500 00 

Western Union Tel. Co. bonds, . . . 48,375 00 50,625 00 

Crape Creek Coal Company bonds, . . . 27,550 00 27,550 00 

Lake Shore and Mich. So. R. R. bonds, . . 2,110 00 2,435 00 

Mobile and Birmingham R. R. bonds, . . 23,125 00 23,125 00 

Atlantic and Pacific R. R. bonds, . . . 43,000 00 40,312 50 

Oxford and Clarksville R. R. bonds, . . 48,750 00 48,750 00 

St. Louis and San Francisco R. R. bonds, . 100,500 00 117,000 00 

Duluth and Manitoba R. R. bonds, . . -. 50,437 50 51,250 00 

Keokuk and Des Moines R. R. bonds, . . 4,950 00 10,500 00 

Chicago, Milwaukee and St. Paul R. R. bonds, 65,000 00 63,125 00 

Canadian Pacific R. R. bonds, .... 49,000 00 53,500 00 

Stillwater and St. Paul R. R. bonds, . . . 32,690 00 32,200 00 

Tol., Ann Arbor and Grand Trunk R. R. bonds, 25,500 00 26,437 50 

Staten Island Rapid Transit R. R. bonds, . 29,000 00 27,625 00 

Knoxville and Ohio R. R. bonds, . . . 40,850 00 41,400 00 

Ceeur d' Alene Railway and Nav. bonds, . . 51,250 00 51,250 00 

500 shares Delaware, Lack, and West. R. R., . 33,656 25 35,875 00 

1500 " N. Y. C. and Hudson River R. R.,. 160,425 00 163,125 00 

1000 " Missouri Pacific R. R., . . . 103,537 50 74,000 00 

550 " Chicago, Rock Is. and Pacific R. R., 71,075 00 53,900 00 

500 " Central Pacific R. R., . 46,612 50 17,500 00 

2000 " Chicago and Northwestern R. R , . 236,775 00 215,750 00 

100 " New York and New Eng. R. R., . 10,955 00 11,400 00 

600 " Nat'l Exchange B'k, Hart., Conn.,. 43,046 50 33,600 00 

1000 " Hartford Natl Bank, Hart, Conn., 159,51125 150,000 00 

106 " First Nat'l Bank, Hartford, Conn., 11,088 38 10,600 00 

154 " Charter Oak Nat'l B'k, Hart., Conn., 19,982 25 15,785 00 

250 " Thames Nat'l B'k, Norwich, Conn., 35,000 00 35,000 00 

300 " FirstNat'l B'k, Wallingford, Conn., 31,800 00 31,800 00 

100 " Metrop. Nat'l B'k, New York, N.Y., 7,615 63 360 00 

200 " Am.Nat'lEx.B'k,NewYork,N.Y., 21,413 00 28,800 00 

240 " Mer. Nat'l Ex B'k, New York, N.Y., 11,912 79 14,040 00 

100 " Nassau Bank, New York, N. Y., . 7,250 00 7,600 00 

50 " Citizens' Bank, Minneapolis, . . 5,000 00 5,250 00 

100 " Nat'l Bk of Commonw'lth, Boston, 11,212 75 14,500 00 

100 " Atlas National Bank, Boston, . 11,900 00 12,300 00 

100 " American Nat'l Bank, Kansas City, 10,000 00 11,500 00 

350 " Conn.TrustandSafeDep.Co.,Hart., 29,400 00 49,000 00 

140 " Security Co., Hartford, Conn., . 14,736 25 18,900 00 



1,936,816 20 $2,894,572 42 



1888.] 



OF OTHER STATES. 



143 



"UNION MITUAL LIKE INSURANCE COMPANY," PORTLAND, ME. 

[Incorporated July 17, 1848. Commenced business Oct. 1, 1849.] 

John E. DeWitt, President. Arthur L. Bates, Secretary. 



Income. 

New premiums without deductions,. 
Renewal premiums, 



Total 

Deduct amount paid for re-insurance, 

Total premium income, 

Cash received for interest, 

as discount on claims paid in advance, 
for rents of company's property, 
Profit and loss account, 



Total income, .... 
Net or ledger assets, Dec. 31, 1887, . 



Total, 



$ 153,933 60 
559,706 30 

$713,639 90 
1,751 71 



$711,888 19 

224,039 87 

271 23 

18,357 53 

8,962 95 

$963,519 77 
5,823,627 45 

$,787,147 22 



Disbursements. 

Cash paid for losses and additions, 

Premium notes or loans used in payment of same, . 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same,. 

Gross amount paid for losses and endowments, 

Cash paid to annuitants, 

Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, 

Cash surrender values, including reconverted additions ap 

plied in payment of premiums, 

Cash dividends paid policyholders, $1,800.85; applied in 

payment of premiums, §36,629.78, .... 
Premium notes or loans used in payment of dividends, 

Total paid policy holders, 

Cash paid for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiner's fees, .... 
for salaries of officers and office employees, . 

for taxes and fees, 

for rent, 

for commuting commissions, .... 



$422,938 79 

26,064 00 

133,364 69 

9.234 00 



$591,601 48 

233 27 

7,225 64 

28,347 35 

11,888 19 

38,430 63 
12,425 00 

$690,151 56 
61,951 10 
100,941 85 
13,589 00 
46,466 52 
14,234 91 
10,125 10 
8,730 03 



144 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for furniture and office fixtures, 
for advertising, 
for incidentals, 

Total disbursements, .... 



$959 22 

10,310 36 

34,179 39 

|991,639 04 



Balance, £5,795,508 18 



Invested in the following : — 



Assets as per Ledger Accounts 

Value of real estate, 

Loans on mortgage of real estate (first liens), 
Loans on collateral security (schedule A), 
Premium notes or loans on policies in force, . 
Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash in transit (since received), 

Cash deposited in bank, 

Bills receivable, 

Agents 1 ledger balances, 

Cash notes taken for premiums, 

Ledger assets (as per balance), 



$1,288,976 92 

1,156,678 80 

281,661 01 

487,445 00 

2,385,565 06 

2,605 54 

5,188 33 

175,209 53 
1,694 07 
1,679 03 
8,804 84 

$5,795,508 18 



Other Assets. 
Interest due and accrued, .... 
Rents due and accrued, .... 
Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, . 

Total, 

Deduct loading (20 per cent.), . 

Net am 1 t of uncollected and deferred prem's, 

Total assets per company's books, 



$51,749 61 

83,917 86 

$135,667 47 

27,133 49 



67,175 51 

169 08 

33,660 66 



108,533 98 



. $6,005,047 41 



Items not Admitted. 



Agents' balances, .... 

Bills receivable, .... 

Total, 

Total admitted assets, 
Deduct special deposits in other States, 

Balance, 



$1,079 08 
1,694 07 



3,873 15 



. $C,on 1,674 26 
826,937 97 

. $5,674,786 29 



1888.] 



OF OTHER STATES. 



145 



Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent.), . 
Dedncl net value of re-insured risks, .... 



. $5,648,845 00 
8,840 00 



Net re-insurance reserve, 



. $5,645,005 00 



Premium obligations in excess of net values of their policies, 



759 00 



Death losses due and unpaid 

Matured endowments due and unpaid, . 
Death losses and matured endowments in 

process Of adjustment, 

Claims resisted by the company, 

Total policy claims, 

Unpaid dividends of surplus due policy holders, 

Contingent reserve, 

Premiums paid in advance 

Miscellaneous, 



$75 00 
8,645 53 

55,961 43 
2,500 00 



Liabilities as to policy holders, . 
Deduct liability on special deposits, 

Surplus as regards special policy holders, 
Surplus as regards general policy holders, 
Gross surplus, 



67,181 96 

4,577 92 

408 00 

1,652 48 

980 50 

$5,720,564 86 
326,9:57 97 

$5,393,626 89 



$35,530 05 
245,579 35 



281,109 40 



Gross liabilities, $5,674,736 29 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1887, . . $538,474 00 

Premium notes received during 1888, . . 28,137 35 

Total, 

Used in payment of losses and claims, . . $35,298 00 
Used in payment of surrendered policies and 

voided by lapse, 28,347 35 

Used in payment of dividends to policy holders, 12,425 00 

Redeemed by maker in cash, .... 1,668 00 

Transferred, 1,428 00 

Total, 

Balance note assets, Dec. 31, 1888, 



$566,611 35 



79,166 35 
7,445 00 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1887. 





Number. 


Amount. Total No. 


Total amount 


Whole life, . 


. 5,201 


$9,485,031 00 




Endowment, 


. 7,350 


12,590,048 00 




All other, . 


. 1,927 


3,520,554 00 




Reversionary additions, 


— 


198,562 00 


ft9A 701 1Q a; 



146 



LIFE INSURANCE COMPANIES [Dec. 31, 



Whole life, . 
Endowment, 



Policies issued during the Tear. 

Number. Amount. Total No. Total amount. 

15 £16,930 00 

, . . 2,396 4,869,667 00 

2,411 $4,886,597 00 



Old Policies revived. 



Whole life, . 
Endowment, 
All other, . 

Old policies increased, 
Old policies transferred, 
Additions by dividends, 



4 


$11,000 00 






47 


79,467 00 






- 


1,884 00 










51 


92,351 00 
5,683 00 


# # 


■ • ■ 




. 


. 


292 


532,300 00 


• 


. 


- 


35,476 00 



Total, 17,232 $31,346,602 00 



Policies terminated during the Year. 

Whole life, .... 243 $599,273 00 
Endowment, . . . 1,998 3,801,920 00 
All other, . . " . . 263 549,809 00 





2,504 


$4,951,002 00 




How terminated. 


By death, . 


204 


$435,915 00 


By maturity, 


140 


143,545 00 


By expiry, . 


243 


497,500 00 


By surrender, 


45 


172,093 00 


By lapse, . 


889 


1,634,180 00 


B} T change and decrease, 


292 


605,369 00 


Not taken, . . . 


691 


1,462,400 00 



2,504 4,951,002 00 



Policies in force Dec. 31, 1888. 



Whole life, . 


. 4,977 


$8,913,688 00 


Endowment, 


. 7,797 


13,740,762 00 


All other, . 


. 1,954 


3,516,854 00 


Reversionary additions, 


— 


224,296 00 



14,728 $26,395,600 00 



1888.] 



OF OTHER STATES. 



147 



Schedule A. 
Securities held as Collateral. 

Mnrket value. 

shares Westbrook Manufacturing Co., . $28,000 00 
Maine Central Railroad bonds, 
16 Bhares Lewiston and Auburn Horse R. R., 
2t M Central Wharf Co., Portland, Me, 
Portland TYater Company bonds, 
Maine Central Railroad bonds, 
First National Bank stock, Houlton, Me., 
Oregon Short Line Railroad bonds, . 
355 shares Portland Water Company, 
Maine ('(Mitral Railroad bonds, 
Pejepscot Water Company, 

shares Portland Water Company, 



60 

56 
5 

To 



1 Portland and Rochester Railroad, 

4 Portland Trust Company, 
» First National Bank, Wiscasset, 
4 Flint <fc l\'re Marquette Railroad, 
4 Casco National Bank, Portland, 

' Canal National Bank, Portland, 
Maine Central Railroad bonds. . 
Northern Pacific Railroad land grant bonds, 
City of Portland, Maine, bonds, 

Leeds & Farming-ton Railroad bonds, 
Southern Kansas Railroad bonds, 

V shares Central Wharf stock, 
80 " Delaware and Hudson Canal Co., 
29 " National Park Bank, New York, 
Chicago and West Michigan Railroad bonds, 
New York and New England Railroad bonds, 
Chieago, Burlington & Northern R. R. bonds, 
Maine Central Railroad bonds, 
Ogdensburg and Lake Champlain R.R. bonds, 
St. Louis and San Francisco Railroad bonds, 
Southern Kansas Railroad bonds, 
City of Belfast, Me., bonds, 
Atlantic Mutual Insurance Compauy scrip, 
Southern Kansas Railroad bonds, 
45 shares New England Railroad, . 
Maine Central Railroad bonds, 
Maine Central Railroad bonds, 
10 shares First National Bank, Houlton, Me., 
Chicago, Kansas and Western R. R. bonds, 
Atchison, Topeka and Santa Fe R. R. bonds, 
10 shares Atchison, Topeka and Santa Fe R.R 
15 " New York and New England R. R., 
10 " Chic, St. Paul, Minn. & Om. R. R., 
20 " Chicago and Northwestern R. R., 



I 



5,280 00 

1,125 00 
2 l,i '00 00 
8,300 00 
1,320 00 
1,250 00 
11,800 00 
89,050 00 
1.1.20 00 
5,000 00 
8,880 00 
5,250 00 
6,720 00 

660 00 
6,930 00 
1,168 00 

318 00 
2,400 00 
2,360 00 
1,136 00 
1,100 00 

475 00 
9,000 00 
3,930 00 
5,220 00 

950 00 
1,140 00 

950 00 

16,000 00 

4,818 75 

1,152 00 

4,399 00 

200 00 

970 00 

475 00 
5,242 50 ) 

660 00 S 
1,200 00 
1,250 00 

890 00^ 

990 00 j 

585 00 ' 
1,747 50 

920 00 
2,160 00 



Amount loaned. 

f 16,600 00 

4,000 00 

288 38 

12,000 00 

4,000 00 

1,000 00 

9,000 00 

24,000 00 

3,500 00 

4,500 00 

5,000 00 

5,000 00 

5,600 00 

535 00 

5,000 00 

550 00 

230 00 

5,000 00 



\ 



700 00 


256 


00 


4,200 


00 


6,750 00 


1,968 


75 


20,000 00 


843 


75 


4,552 08 


265 


00 


4,950 


00 


1,000 


00 


800 


00 



6,000 00 



148 



LIFE INSURANCE COMPANIES [Dec. 31, 



Ohio and Mississippi Railroad bonds, 
Chicago, St. Louis and Pittsburg R. R. bonds, 
Wisconsin Central Railroad bonds, . 
Mount Vernon Water Co. bonds, 
Southern Kansas Railroad bonds, 
Memphis and Charleston Railroad bonds, 
Oregon Railroad and Navigation Co. bonds, 
10 shares Flint and Fere Marquette Railroad, 
Chicago and West Michigan Railroad bonds, 
Portland (Me.) bonds, 
St. Paul (Minn.) bonds, . 
125 shares Camden and Rockland Water Co., 
Wisconsin Central Railroad bonds, . 
Oregon Short Line Railroad bonds, . 
City of Chicago bonds, 
Sundry mortgages on real estate, 
Denver City Cable Railroad bonds, . 
63 shares Cam. and Rockland Water Co., 
3 " American Bell Telephone Co., 
20 " Old Colony Railroad, 
Grand Avenue Railroad bonds, 
New Haven and Derby Railroad bonds, 



Market value. 

$2,130 00 1 

970 00 

870 00 

1,000 00 

665 00 

1,0G0 00 

1,025 00 

990 00 

950 00 

1,250 00 

1,250 00 

15,625 00 

1,740 00 

1,122 50 

2,136 00 

50,000 00 

23,000 00 

7,875 00 

606 00 

2,430 00 

1,920 00 

51,750 00 



Amount loaned. 



87,127 05 



445 00 
1,500 00 

10,000 00 

4,500 00 

25,000 00 

20,000 00 

5,000 00 

5,000 00 

45,000 00 



$396,845 25 $281,661 01 



Schedule B. 

Stocks and Bonds owned by the Company. 



United States bonds, .... 

Atchison, Topeka and Santa Fe R. R. bonds, 

Chicago and West Michigan Railroad bonds, 

Canadian Pacific Railway bonds, 

Chicago, Mich, and Lake Shore R. R. bonds, 

Chicago, Kansas and Western Railroad bonds 

Current River Railroad bonds, 

Dayton and Michigan Railroad bonds, 

Fremont, Elkhorn and Misso. Val. R. R. bonds, 

Flint and Pere Marquette Railroad bonds, 

Grand Avenue Railway bonds, 

Gulf, Colorado and Santa Fe Railroad bonds 

Hannibal and St. Joseph Railroad bonds, 

Kansas and Missouri Railroad bonds, 

Kan. City, St. Jo. and Council Bluffs R. R. bonds 

Kansas City Belt Railway bonds, 

Kansas City Cable Railway bonds, . 

Kansas City, Ft. Scott and Mem. R. R. bonds 

Lincoln and North Western Railroad bonds, 

Maine Central Railroad bonds, 



Par value. 

$50,000 00 
10,000 00 

100,000 00 
50,000 00 
25,000 00 

100,000 00 
25,000 00 
25,000 00 
25,000 00 
50,000 00 
50,000 00 
25,000 00 
50,000 00 
10,000 00 
27,000 00 
50,000 00 
25,000 00 
50,000 00 
45,000 00 
9,000 00 



Market value. 

$65,250 00 
9,900 00 
95,000 00 
54,500 00 
25,625 00 
89,000 00 
23,250 00 
26,500 00 
30,750 00 
60,000 00 
48,000 00 
29,750 00 
60,250 00 
9,600 00 
32,535 00 
55,000 00 
24,500 00 
55,500 00 
55,800 00 
10,125 00 



L888.] 



OF OTIIKR STATES. 



149 



Marquette, Houghton and Ontono. R. R. bonds, 
Milwaukee and St Paul Railroad bonds. 
New York and New England Railroad bonds, 
New Mexico and Southern Pacific R.R. bonds, 
Northern Pacific Railroad bonds, 
Ohio and Mississippi Railroad bonds, 
Oregon Railway and Navigation Co. bonds, . 
People's St. bVy ( !o. of Luzerne Co., Pa., bonds, 
Philadelphia and Reading Railroad bonds, 
Portland and Ogdensburg Railroad bonds, 
Portland, Saco and Portsmouth Railroad stock, 
Pueblo and Arkansas Valley Railroad bonds, 
Rome, Watertown and Ogdensb'g R. R. bonds, 
Southern Kansas R.R. bonds, . 
Staten Island Rapid Transit 11. R. bonds, 
St. Louis and San Francisco R. R. bonds, 
Wichita and South Western R. R. bonds, 
Wisconsin and Valley R. R. bonds. . 
Allen County (Ind.) bonds, 
Berlin (X. II.) bonds, .... 
B. R. and Greorgesyille, Frank. Co. (O.), bonds 
Bond County (111.) bonds, 

Brunswick (Me.) bonds 

Delaware city (().) bonds, 
Elk County (Ivan.) bonds, 
Highland County (O.) bonds, . 
Louisville (Ky.) bonds, .... 
Minneapolis (Minn.) bonds, 
Minneapolis city water works bonds, 
Miami County (Ohio) bonds, . 
Omaha city (Neb.) bonds, 

Peoria (111.) bonds, 

Portland (Me.) bonds, .... 
Pueblo city (Col.) bonds, .... 
Richmond (Va.) bonds, .... 
Sheldon (Vt.) bonds, .... 
Shelbyville (Ind.) bonds, 
Terre Haute (Ind.) bonds, 
Vigo County (Ind.) bonds, 
Wilmington (Del.) bonds, 
Biddeford Natl Bank, Biddeford (Me.), stocks 
Canal National Bank, Portland (Me.), stocks, 
Casco National Bank, Portland (Me.), stocks, 
Cumberland Nafl B'k, Portland (Me.), stocks 
First National Bank, Auburn (Me.), stocks, 
First National Bank, Wiscasset (Me), stocks, 
First National Bank, Lewiston (Me.), stocks, 
First National Bank, Bangor (Me.), stocks, 



I'nr value. 

125,000 00 
86,000 00 

50,000 00 

50,000 00 

25,000 00 

46,000 00 

50,000 00 

25,000 00 

25,000 00 

38,500 00 

14,200 00 

25,000 00 

31,000 00 

86,000 00 

10,000 00 

90,000 00 

10,000 00 

4.(M)() 00 

15,000 00 

7,000 00 

1,000 00 

10,000 00 

2,500 00 

5,000 00 

15,000 00 

20,000 00 

25,000 00 

10,000 00 

3,000 00 

48,000 00 

25,000 00 

7,000 00 

75,000 00 

15,000 00 

10,000 00 

4,000 00 

1,000 00 

10,000 00 

25,000 00 

5,000 00 

2,000 00 

20,000 00 

20,000 00 

4,120 00 

2,000 00 

1,000 00 

10,000 00 

1,200 00 



Market value. 

$23,750 00 

44,100 00 

57,000 00 

58,250 00 

20,025 00 

54,510 00 

51,000 00 

25,750 00 

22,531 25 

39,302 50 

17,008 00 

28,625 00 

33,292 50 

76,550 00 

11,400 00 

103,950 00 

10,800 00 

4,900 00 

15,000 00 

6,895 00 

1,000 00 

10,550 00 

2,500 00 

5,562 50 

15,000 00 

21,550 00 

24,500 00 

10,550 00 

3,195 00 

51,960 00 

25,087 50 

7,175 00 

87,255 00 

15,150 00 

14,000 00 

4,000 00 

1,000 00 

10,825 00 

25,502 50 

5,275 00 

2,800 00 

31,800 00 

29,200 00 

5,253 00 

2,800 00 

1,300 00 

17,000 00 

1,800 00 



150 



LIFE INSURANCE COMPANIES [Dec. 31, 



Tar value. 

First National Bank, Biddeford (Me.), stocks, $.°>,800 00 

l-'ir-t National Bank, Augusta (Me.), stocks, . 5,000 00 

First National Bank, Portland (Me. ), stocks, . 6,200 00 

Georges Nat'l Bank, Thomaston (Me.), stock-. 1,200 00 

Impters' and Traders 1 Nat'l B"k, N. Y. City, stocks, 5,000 00 

Knickerbocker Trust Company (N. Y.) stocks, 4,000 00 

Lime Rock Nat'l Bank, Rockland (Me.), stocks, 8,750 00 

Manufs 1 Nat'l Bank, Lewiston (Me), stocks, . 5,000 00 

Merchants 1 Nat'l Bank, Portland (Me.), stocks, 1,425 00 

Nat'l Shoe & Leather IVk, Auburn (Me.), stocks, 2,600 00 

National Traders 1 Bank, Portland (Me.), stocks, 2,100 00 

Nat'l Loan and Trust Co., Kansas City, stocks, 20,000 00 

North National Bank, Rockland (Me.), stocks, 10,000 00 

Northern Nat'l Bank, llallowell (Me.), stocks, 10,000 00 

Norway Bank, Norway (Me.), stocks, . . 1,000 00 

People's Nat'l Bank, Waterville (Me.), stocks, 3,000 00 

Richmond Nat'l Bank, Richmond (Me.), stocks, 700 00 

Rockland Nat'l Bank, Rockland (Me.), stocks, 5,000 00 

Sioux Falls Nat'l B'k, Sioux Falls (Dak.) , stocks, 2,000 00 

Ticonic Nat'l Bank, Waterville (Me.), stocks, 3,500 00 

Veazie National Bank, Bangor (Me.), stocks, . 5,000 00 

Province of Ontario annuities, ... - 



Mai kit value. 

|6,460 00 

6,750 00 
7,192 00 

1,260 00 

25,000 00 

5,785 00 

9,375 00 

6,600 00 

2,356 00 

2,912 00 

2,898 00 

20,600 00 

15,000 00 

14,000 00 

1,200 00 

4,050 00 

840 00 

8,250 00 

2,300 00 

4,725 00 

6,250 00 

258,4:37 97 



$1,938,795 00 $2,419,225 72 



"UNITED STATES LIFE INSURANCE COMPANY IN THE CITY 
OF NEW YORK," NEW Y r ORK, N. Y. 

[Incorporated February, 1850. Commenced business March, 1850.] 
Paid up Capital, $440,000. 

George H. Burford, President. C. P. Fraleigh, Secretary. 



Income. 

New premiums without deductions, . 
Renewal premiums, 



Total, 

Deduct amount paid for re-insurance, 

Total premium income, 
Cash receive* 1 for interest, 
Cash received for rents of company's property, 

Total income, 

Net or ledger assets, Dec. 31, 1887, . 

Total 



$169,216 14 
654,127 21 

$823,348 35 

3,801 63 

$819,511 72 

265,033 22 

2,622 95 

$1,087,197 89 
5,402,530 17 

$6,489,728 06 



1888.] 



OF OTHER STATES. 



151 



DlSBUKSEMENTS. 
Cash paid for losses and additions, .... 
Cash paid for matured endowments and additions,. 

Gross amount paid for losses a*d endowments, 
Received for losses and claims on policies re-insured, 

Net amount paid for losses and endowments, . 

Cash paid to annuitants, 

Cash paid for surrendered policies, . 

Total paid policy holders, 

Cash paid for dividends to stockholders, . 
for commissions to agents, 
for salaries and travelling expenses of agents, 
for medical examiner's fees, . 
for salaries of officers and-ofliee employees, 

for taxes and fees, 

for rent, 

for advertising, 

for incidentals, 

for profit and loss account, 



Total disbursements, 

Balance, 

Invested in the following : — 

Assets as ter Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 

Loans on collateral security (schedule A), 

Premium notes or loans on policies in force, . 

Cost value of stocks and bonds owned (schedule 13), 

Cash in company's office, . 

Cash deposited in bank, . 

Bills receivable, 

Agents' ledger balances, . 



Ledger assets (as per balance), 

Other Assets. 
Interest due and accrued, 

Market value of real estate, over cost, 

Market value of stocks and bonds, over cost, . 

Uncollected premiums on policies in force, 

Deferred premiums on policies in force, . 

Total, 

Deduct loading (20 per cent.), . 

Net ain't of uncollected and def erred prem's, 

Total assets per company's books, . 



$ 41 1,965 95 
81,705 51 



$49:3,671 46 
7,500 00 

$486,171 46 

126 00 

41,116 52 

$527,413 98 
30,800 00 
120,239 00 
54,126 79 
16,436 26 
43,060 87 
17,896 15 
20,456 31 
16,126 98 
25,454 54 
31,876 79 

$903,887 67 

$5,585,840 39 



$63,380 53 

. 3,120,150 00 

35,711 89 

154,036 02 

. 2,114,854 02 

602 50 

54,225 55 

13,574 57 

29,305 31 

. $5,585,840 39 



66,506 68 

47,369 47 

109,793 94 



$91,111 28 
94,154 65 

$185,265 93 
37,053 18 



148,212 75 
. $5,957,723 23 



152 



LIFE INSURANCE COMPANIES [Dec. 31, 
Items not Admitted. 



mi<" balances, . 
Bills receivable, . 

Total, 

Total admitted assets, 
Deduct special deposit in Canada, . 

Balance, 



v 



$29,305 31 
13,574 57 



$42,879 88 



. $5,914,843 35 
117,750 00 

. $5,797,093 35 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent.), 
Deduct net value of re-insured risks, 



Net re-insurance reserve, . 
Death losses and matured endowments in 

process of adjustment, 
Claims resisted by the company, 

Total policy claims, . 
Premiums paid in advance, 
Bills payable, .... 
Liability on lapsed policies, 

Liabilities as to policy holders, . 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 

Paid-up capital, 

Surplus over capital, 



$5,325,672 00 
42,109 00 



$5,283,563 00 



$15,450 00 
6,000 00 



$546,090 21 



21,450 00 
1,716 43 
4,531 41 

2,877 30 

$5,314,138 14 
63,135 00 

$5,251,003 14 

440,000 00 
106,090 21 



Gross liabilities, $5,797,093 35 



49,601 66 



Premium Note Account. 

Premium notes on hand, Dec. 31, 1887, . . f 142,075 28 
Premium notes received during 1888, 

.Total, 

1 rsed in payment of losses and claims, 

Used in payment of surrendered policies and 

voided by lapse, 

Used in payment of dividends to policy 

holders, 

Redeemed by maker in cash, .... 
Total, 

Balance note assets, Dec. 31, 1888, . 



$11,676 29 


$191,676 94 


2,924 86 




57 86 




22,981 91 






37,610 92 




• • • 


$154,036 02 



L888.] 



OF OTHER STATES. 



153 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1887. 

Number. Amount Total No. Total amount. 

Whole life 9,666 $19,591,229 00 

Endowment, . . . 1,686 2,801,754 00 

All other. .... 383 1,078,846 00 

11,7:5.0 823,47 1,829 00 



Whole life . 
Endowment, 

All other, . 



Polici* \$ issued during the Year. 
. 1,644 18,458,566 00 

261 530,110 00 

653 2,347,000 00 



2,558 6,335,676 00 



Whole life, . 
Endowment, 
All other, . 



Old Polici* s revived, 

25 .5C»7,500 00 
9 9,000 00 

26 6 1,000 00 



60 



137,500 00 



Whole life.. 
Endowment, 

All other, . 



Old Policies increased. 



22 
8 
5 



$64,000 00 
19,000 00 
19,000 00 



35 



102,000 00 



Total, 14,388 ^30,047,005 00 



Poli'i'.s t> rminated during the Year. 

Whole life,. . . . 1,379 $3,130,382 00 
Endowment, . . . 253 453,846 00 

All other, .... 190 710,510 00 





1,822 


$4,294,738 00 




How terminated. 


By death, . 


211 


§425,714 00 


By maturity, 


42 


81,706 00 


By expiry, . 


51 


192,000 00 


By surrender, 


55 


103,463 00 


By lapse, . 


972 


2,123,855 00 


By change and dec] 


:ease, . 37 


219,000 00 


Xot taken, . 


454 


1,149,000 00 



1,822 4,294,738 00 



Whole life, . 
Endowment, 
All other, . 



Policies in force Dec. 31, 1888. 

. 9,978 $20,050,913 00 

. 1,711 2,906,018 00 

877 2,795,336 00 



12,566 §25,752,267 00 



154 



LIFE INSURANCE COMPANIES [Dec. 31, 



Schedule A. 

Securities held as Collate? 



75 shares Western Union Telegraph Co., 

Missouri Pacific Railway bonds, 

10.') shares American Tel. and Cable Co , 

60 shares N. Y.. Lack, and Western Ry. Co., 
Missouri Pacific Hail way bonds, 

40 shares American Tel. and Cable Co., 

25 shares American Tel. and Cable Co., 
100 shares Western Union Telegraph Co., 

70 shares American Tel. and Cable Co., 
4 shares Imp. and Traders' Nat. Bank, N.Y., 
Central Railroad New Jersey bonds, 

10 shares United N. J. Railroad and Canal Co., 



al. 

Market value. 

|6,262 50 

1,155 00 
13,203 00 
7,002 00 J 
2,310 00 
3,210 00 
2,025 00 
8,350 00 
5,070 00 
1,700 00 
7,595 00 
3,552 00 



Amount loaned. 

$19,000 00 

2,099 44 
1,200 00 

5,312 45 

0,000 00 
1,500 00 



52,124 50 $35,711 89 



Schedule B 

Stocks and Bonds owned by the Company. 

Cost. Market value. 

United States bonds, $57,805 29 §50,100 00 

District of Columbia bonds, .... 131,384 40 148,800 00 

Jersey City Water Loan, 3,855 00 4,170 00 

Jersey City bonds, 53,100 00 00,270 00 

Jersey City Water Scrip, 1902, . . . 109,342 50 . 109,210 00 

Jersey City Improvement bonds, . . . 55,425 00 54",400 00 

City of Newark (N. J.) bonds, . . . 102,000 00 170,800 00 

New York, Lack, and Western Ry. bonds, . 47,801 98 53,300 10 

Oswego and Syracuse Railroad bonds, . . 30,000 00 32,850 00 

Chicago and Northwestern Railway bonds, . 99,099 32 108,250 00 

Chicago, Milwaukee and St. Paul Ry bonds, . 97,473 40 100,500 00 

Missouri Pacific Railway bonds, . . . 212,490 75 223,334 00 

Central Iowa Railway bonds, .... 71,550 00 71,174 70 

St. L., Iron Mt, and So. R'y and Land Grant bMs, 35,732 88 42,375 00 

St. Louis and Iron Mountain Railroad bonds, . 53,450 04 52,917 00 

Chicago, Burlington and Quincy Ry. bonds, . 40,195 21 51,833 50 

Missouri, Kansas and Texas Railway bonds, . 20,278 33 13,875 00 

New York Central Railroad bonds, . . 193,590 25 199,80185 

Louisville and Nashville Railroad bonds, . 44,835 00 54,(535 00 

Kansas Pacific Railway bonds, . . . 74,917 01 83,025 00 

Chicago, St. Paul, Minn, and Omaha Ry. bonds, 27,750 00 29,875 00 

Albany and Susquehanna bonds, . . . 113,349 04 122,250 00 

Burl., Cedar Rapids and Northern Ry. bonds, . 42,000 00 39,375 00 

Chicago, Rock Island and Pacific Ry. bonds, . 104,750 00 104,750 00 

Metropolitan Elevated Railway bonds, . . 19,199 99 20,250 00 

West Shore Railroad bonds, .... 178,18090 180,25000 

East Term., Va. and Georgia Railway bonds, . 24,518 41 25,410 75 

Iowa Central Railway stock, .... 4,100 00 4,200 00 



$2,114,854 02 $2,224,047 90 



L888.] 



OF OTHER STATES. 



155 



"VERMONT LIFE INSURANCE ( o.MPANVr BURLINGTON, 

YKKMOXT. 

[Incorporated Oct. 23, 1803. Commenced business Jan. 1, 1869.] 
Paid-DP Capital, $100,000. 

Wm, II. Bart, President. C. II. Turrill, Secretary. 



Income. 



New premiums without deduction-.. 
Renewal premiums, . 



Total, 

Deduct amount paid for re-insurance, 



Total premium income, 
Cash received for inter- 
Profit and loss account, 
Miscellaneous, . 



Total income, 
Net or ledger assets, Dec. 31, 1887, 



Total, 



§16,183 22 
47,258 02 

$63,441 24 
779 14 

$62,662 10 

17,254 52 

200 00 

1,130 86 

$81,247 48 
300,733 09 

$381,980 57 



Disbursements. 

Cash paid for losses and additions, f 15,883 00 

Cash paid for surrendered policies, 8,899 89 

Cash dividends paid policy holders, applied in payment of 

premiums, 2,220 13 

Total paid policy holders, $27,003 02 

Cash paid for dividends to stockholders, 3,000 00 

for commissions and expenses to agents, . . 19,862 75 

for medical examiner's fees, 2,583 60 

for salaries of officers and office employees, . . 6,000 00 

for taxes and fees, 1,738 81 

for rent, 1,577 59 

Cash advanced to agents, 1,175 45 

Cash paid for furniture and office fixtures, .... 427 97 

for advertisino* 524 62 

for incidentals, 3,099 34 

Total disbursements, $66,993 15 

Balance, §314,987 42 



156 



LIFE INSURANCE COMPANIES [Dec. 31, 



Invested in the following: — 



Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
on collateral security (schedule A), 
on company's policies assigned as collateral, 

Premium notes or loans on policies in force, . 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 



Ledger assets (as per balance), 



|20,561 77 

214,622 00 

11,285 00 

7,910 65 

2,259 00 

46,702 50 

2,281 87 

9,374 63 

|3 14,987 42 



Other Assets 
Interest due and accrued, . . . . 
Rents due and accrued, .... 
Market value of real estate, over cost, . 
Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, . 

Total, 

Deduct loading (20 per cent.), . 

Net am't of uncollected and deferred preni's, 

Furniture and fixtures, . 

Cash advanced to agents, .... 

Total assets per company's books, . 



$2,554 58 
19,282 37 

$21,836 95 
4,367 39 



6,950 73 

55 25 

9,484 52 

7,619 50 



17,469 56 

3,246 69 

1,175 45 

. f360,989 12 



Items not Admitted. 



Office furniture, etc., . 
Cash advanced to agents, . 
Total, .... 

Total admitted assets, 



13,246 69 
1,175 45 



4,422 14 
$356,566 98 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries 1 4 per cent.), .... 
Deduct net value of re-insured risks, 



f276,657 00 
3,027 00 



Net re-insurance reserve, f 273,630 00 

Premium obligations in excess of net values of their policies, 28 70 
Death losses and matured endowments in process of ad- 
justment, 2,686 00 



Liabilities as to policy holders, . 



$276,344 70 



1888.] 



OF OTIIKU STATES. 



>7 



special policy hol« 7 
teg eral policy holders. 



S 00 



Gross surplus . — 

ipcapi- ?: • 

Impairment of capital, 



IF.-. 

id Additions in force Dec. 31, 1SS7. 

Number. Amount. Total Xo. Total amount. 

$* ,172 00 

00 

Allother -.000 00 

1,571 $1,590,6.56 00 



P< <ued during the Year. 

Whole HI . 1,167 " ' 00 

Endowment, 514.200 00 

All other 24 "00 00 

1 . M -'00 

vrmont policies revived 3,000 00 

Addition? by dividends 

Tot 5,496 |2,471,76S 00 



tides terminated during the 

Whole life,. . - $136,354 00 

Endowment, . . . 421 329,050 00 

All other 9 10,000 00 



?> 



How terminated. 



Bv death. . 




18 


$10,683 00 


xpiry, . 


. 


3 


4,000 00 


By surrender, 


. 


92 




By lapse, . 


. 


-::•_ 


221,200 00 


Bv change and decrease 


- 


300 00 


Not taken, . 


• 


303 


.550 00 




Policies 


in force 


Dec. 31, 1888. 


"Whole li: 


, 




$814,681 00 


Endowment, 


. 




.. 


All other. . 


• 


_ 


44.000 00 



SIS 



404 00 



2,678 $1,996358 00 



158 



LIFE INSURANCE COMPANIES [Dec. 31, 



Schedule A. 
Securities held as Collateral. 



183 shares National Car Company, . 

Life insurance policy assigned, 

Missouri Trust Company bonds, 

5 shares Vermont Invest, and Guarantee Co. 

Sullivan township bonds, .... 



Bank book assigned, 



Schedule B 

Stocks and Bonds owned by the 



255 shares Merchants 1 National Bank, 
170 " Howard National Bank, . 
152 " Burlington Gas Light Co., 

2 " Burlington Improvement Co., 
Burlington city bonds, 
School District (Vernon Co., Mo.) bond, 
National Car Company bonds, . 



Market value. 


Amount loaned. 


$10,980 00 


$7,500 00 


. - 


500 00 


500 00 


359 00 


500 00 


350 00 


3,000 00 


2,500 00 


110 00 


76 00 


$15,090 00 


$11,285 00 


he Company. 




Cost. 


Market value. 


$11,641 50 


$15,300 00 


17,000 00 


20,400 00 


3,800 00 


4,105 00 


20 00 


20 00 


3,241 00 


3,392 00 


500 00 


500 00 


10,500 00 


10,605 00 


$46,702 50 


$54,322 00 



"THE WASHINGTON LIFE INSURANCE COMPANY," NEW 

YORK, N. Y. 

[Incorporated January, 1860. Commenced business Feb. 2, I860.] 
Paid-up Capital, $125,000. 

W. A. Brewer, Jr., President. Wm. Haxtun, Vice-Pres. and Secretary. 



Income. 

New premiums without deductions, $505,819 36 

Renewal premiums, 1,293,707 57 

Cash received for annuities, 32,000 00 

Total premium income, $1,831,526 93 

Cash received for interest, 422,881 46 

as discount on claims paid in advance, . . 6,879 56 

for rents of company's property, . . . 16,307 72 
for profits on bonds or stocks sold, . . . 5,409 12 

Total income $2,283,004 79 

Net or ledger assets, Dec. 31, 1887, 8,387,360 39 

Total, $10,670,365 18 



1888.] OF OTHER STATES. 159 

Pismmjsements. 

Cash paid for losses and additions, $009,945 2-4 

Cash paid for matured endowments and additions,. . . 183,168 49 

Gross amount paid for losses and endowments, . . $793,113 73 

Cash paid to annuitants, 4,965 69 

Cash paid for surrendered policies and additions, . . . 254,710 78 

Return premiums 1,036 15 

Cash dividends paid policy holders, applied in payment of 

premiums 165,758 00 

Total paid policy holders $1,219,584 35 

Cash paid for dividends to stockholders, .... 8,571 50 

for commissions to agents, 161,170 47 

for salaries and travelling expenses of agents, . 61,982 81 

for medical examiner's fees 21,969 60 

for salaries of Officers and office employees, . . 64,770 01 

for taxes and fees, 22,736 43 

for rent, 9,375 00 

for commuting commissions, 73,972 81 

for advertising, 28,582 79 

for incidentals, 73,697 03 

Total disbursements $ 1,746,41 2 80 

Balance, $8,923,952 38 



Invested in the following : — 

Assets as ter Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 
Loans on company's policies assigned as collateral 
Cost value of bonds owned (schedule A), 
Cash in company's office, .... 
Cash deposited in bank, .... 
Agents 1 ledger balances, .... 

Ledger assets (as per balance), 



$398,063 72 

7,351,555 27 

226,225 61 

659,703 42 

11,391 60 

223,081 69 

53,931 07 

£8,923,952 38 



Other Assets. 
Interest due aud accrued, .... 
Market value of bonds, over cost, . 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, . 



Total, ..... 
Deduct loading (20 per cent.), . 



§105,601 10 
214,449 87 

§320,050 97 
64,010 19 



Net amount of uncollected and deferred premiums, 
Total assets per company's books, . 



90,852 36 
184,421 58 



256,040 78 
$9,455,267 10 



160 



LIFE INSURANCE COMPANIES [Dec. 31, 



Items not Admitted. 
Agents' balances, $53,931 07 



Total admitted assets, 
Dediut special deposit in Virginia, . 



1,401,336 03 
12,050 00 



Balance, §9,388,686 03 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries* 4 per cent.), . . . .£8,947,186 00 

Matured endowments due and unpaid, . . 810,493 56 

Death losses and matured endowments in 

process of adjustment, .... 5,379 30 

Total policy claims, , 

Unpaid dividends due stockholders, . 

Due for salaries, rent and office expenses 

Premiums paid in advance, 



Liabilities as to policy holders, . 
Deduct liabilit}^ on special deposits, 

Surplus as regards policy holders, . 

Paid-up capital, 

Surplus over capital, 

Gross liabilities, 



§427,653 32 



15,872 86 

262 50 

4,250 00 

6,111 35 

$8,973,682 71 
12,650 00 

18,961,032 71 

125,000 00 
302,653 32 



. $9,388,686 03 



Exhibit of Policies. 

Policies and Additions in force, Dec. 31, 1SS7. 

Number. Amount. Total No. Total amount. 

Whole life, . . . 9,501 $21,041,942 00 
Endowment, . . . 8,260 17,477,752 00 
Reversionary additions, . - 986,833 00 

17,761 $39,506,527 00 



Whole life, 
Endowment, 



Policies issued during the Year. 
. 1,400 $2,971,994 00 
. 2,697 5,783,823 00 



4,097 8,755,817 00 



Whole life, 
Endowment, 

All other, . 

Additions by dividends, 

Total, . 



Old Policies revived. 

95 $211,475 00 

129 295,923 00 

9,965 00 



224 517,363 00 
278,431 00 

22,082 $49,058,138 00 



1888.] 



OF OTIIKU STATES. 



161 



Whole life, 
Endowment, 
All other, . 



Policies terminated during the Year. 

Number. Amount Total No. 

. 1,081 $2,578,990 00 
. 1,728 3,442,922 00 

273,192 00 



Total amount. 





2,809 


$0,290,104 00 




How terminated. 


By death, . 


208 


$598,514 00 


By maturity, 


108 


1 1 1,263 00 


By surrender, . 


434 


1,119,030 00 


By lapse, . 


1,280 


2,454,465 00 


l>y change and decrease, 


24 


47,944 00 


Not taken, . 


805 


1,925,898 00 



2,809 $6,290,104 00 



Policies in force Dcr. 31, 18SS. 



Whole life, 
Endowment, 

Reversionary addition-, 



9,915 $21,651,421 00 

9,358 20,114,576 00 

1,002,037 00 



19,273 $42,768,034 00 



Schedule A. 

Bonds owned by the Company. 

Cost. 

United States bonds, $145,000 00 

New York City bonds, 408,604 79 

Brooklyn water loan, 106,098 63 



Market value. 

$158,125 00 
545,000 00 
141,000 00 



$659,703 42 $844,125 00 



ACCIDENT AM) GUARANTEE 
COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract of 

Annual Statements for the Year ending 

December 31, 1888. 



163 



DETAILED STATEMENT OF ASSETS AND LIABILITIKS. 



UNITED STATES BRANCH OF "THE ACCIDENT INSURANCE 
COMPANY OF NORTH AMERICA," MONTREAL, CANADA. 

Alexandbb T. Galt, President. Edward Uawlings, Manager. 

Deposit Capital, $100,000. 



Summary of Assets, Dec. 81, 1888. 



United States bonds, 

Cash deposited in bank, .... 
Interest doe and accrued, .... 

Premiums in course of collection (gross), 

Notes taken for accident risks, . 

Bills receivable, secured, .... 

Matured debts, $1,402 87 

Furniture and fixtures, . . . 588 30 



Gross assets, 



$1,991 17 



$108,000 00 
1,765 40 
876 00 
5,668 78 
1,686 16 
1,000 00 



18,479 34 



Liabilities. 
Amount of unpaid losses, .... 

Unearned premiums on outstanding risks, 

Commissions and brokerage, . 

Cross liabilities, except capital, 

Surplus as regards policy holders, . 
Deposit capital, 



$7,500 00 
9,029 G7 
1,413 44 



Surplus over capital, 



17,943 11 

$100,530 23 

100,000 00 

$536 23 



Income. 

Accident premiums outstanding Dec. 31, 1887, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, ...» 
Less re-insurance and return jDremiums, . 
Net cash accident premiums received, 
Interest and dividends received from all sources, 
Income from re-insurance, . . . 



$4,485 96 
38,822 22 

$43,308 18 
5,653 78 

$37,654 40 
25,176 27 



$12,478 13 
4,500 00 
3,232 44 



Gross cash income, . . . . . . . . $20,210 57 



165 



166 



ACCIDENT AND GUARANTEE [Dec 31, 



Expenditures 
( lash paid for accident risks, 

Deduct salvage and rc-iiwurance. 

Net cash paid for accident risks, 

Casta paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 

Profit and Loss account, .... 

Cash paid for incidentals, 

Gross cash expenditures, . 



f30,163 77 



3,7 



;n 7!) 



|26,432 98 

8,454 79 

L0,048 60 

2,162 62 

34,703 92 

5,006 06 

$86,808 97 



Risks and Premiums. 



Accident risks outstanding Dec. 31, 1887, 
Accident risks written during 1888, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, . 

Accident risks incurred during the year, 



|6,639,750 00 

5,852,250 00 

$12,492,000 00 
8,413,900 00 

$4,078,100 00 
662,600 00 

$3,415,500 00 



Premiums, 

$38,102 17 
38,822 22 

$76,924 39 
53,804 09 

$23,120 30 
5,060 97 

$18,059 33 

18,507 00 



Massachusetts Business. 



Accident risks written in 1888, 
Premiums received, . 
Losses paid, 
Losses incurred, 



$318,500 00 

1,600 62 

25 71 

25 71 



AMERICAN MUTUAL LIABILITY INSURANCE COMPANY, 

BOSTON. 

[Incorporated March 30, 1887. Commenced business Oct. 1, 1887.] 

Wm. C. Lovering, President. Sydney A. Williams, Secretary. 

Office, 30 Kilby Street. 



Detailed Statement of Bonds, Etc. 



Old Colony Railroad bonds, . 

Boston and Lowell Railroad bonds,. 

Burlington and Missouri River Railroad bonds, 

Chicago, Burlington and Quincy Iv. R. bonds, 

Boston and Albany Railroad bonds,. 

( lorporation notes, 



Par value. 

$5,000 00 

5,000 00 

5,000 00 

16,000 00 

2,000 00 

16,000 00 



Market value. 

|6,050 00 

5,000 00 

4,500 00 

15,410 00 

•J, ISO 00 

45,000 00 



$7^000 00 $77,140 00 



1888.] 



INSURANCE COMPANIES. 



1G7 



Sumh \i.'v of Assets, i>i:< 

Bonds, etc., as per schedule, 

Cash in the office of the company, . 

( lash deposited in bank, .... 

Premiums in course of collection (gross), 

[nteresl accrued 

Furniture, fixtures, etc., . . . $500 00 
Gross assets 



. 81, 1888. 
$77,1 id 00 

1,304 HI 
1,027 II 

779 48 



,816 0] 



Ll ABILITIES. 

Losses claimed and reported, . 
Unearned premiums <>n outstanding risks, 
Rents accrued, 

Gross liability .... 



Surplus, 



[ncome. 

Cash premiums received during the year, 
Deduct return premiums, .... 

Not cash premiums received, . 
Received Cor interest from all sources, . 
Received for rents, 

Gross cash income, .... 



$2,400 00 
t5,594 05 

225 <»<) 



48,219 05 



$32,096 

$91,708 

779 


96 

11 
03 


$90,929 08 

1,481 24 

133 33 



$92,543 65 



Expenditures. 

Cash paid for losses during the year, .... 

for salaries and fees of officers and employees, 

for rents, 

for profits or surplus on terminated policies, 

for inspections, 

for incidental expenses, 

Gross cash expenditures, 



$7,970 58 

8,058 33 

900 00 

22,826 37 
2,468 30 
1,399 61 



3,623 19 



Miscellaneous. 

Amount. 

Risks outstanding Dec. 31, 1887, $1,782,125 00 
Risks written during 1888, . 4,585,405 00 



Total, $6,367,530 00 

Risks terminated during 1888, . 1,808,125 00 



Cash premiums. 

$35,642 50 
91,708 11 



$127,350 61 
37,162 50 



Contingent 
premiums. 

$178,212 50 
458,540 55 

|636,753 05 
180,812 50 



In force at end of year, . .§4,559,405 00 $90,188 11 $455,940 55 



Losses incurred during the year, 

Percentage of profits or surplus returned during 1888, 65 per 
Average rate to date, 65 per cent. 



$10,370 58 
cent. 



168 



ACCIDENT AND GUARANTEE [Dec. 31, 



Massachusetts Business 
Risks written during the year, . 
Premiums received, . 
Contingent premiums received, 
Losses paid, .... 
- incurred, 



f3,950,867 00 

79,017 00 

395,086 00 

7,489 00 

7,489 00 



"AMERICAN STEAM BOILER INSURANCE COMPANY OF NEW 

YORK," NEW YORK, N. Y. 

[Incorporated Nov. 5, 1883. Commenced business Nov. 7, 1883.] 
Paid-up Capital, $500,000. 



William K. Lotiiiiop, President. 



Vincent R. Sciienck, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par value. Market value. 

United States bonds, . . . . . . $390,000 00 $466,125 00 

Erie Consolidated bonds, 10,000 00 13,900 00 

Third Avenue Railroad bonds, .... 50,000 00 54,000 00 

Northern Pacifie Railroad bonds, . . . 10,000 00 11,900 00 

Chicago and South Western Railroad bonds, . 15,000 00 18,900 00 

St. Paul, Minn, and Manitoba Railroad bonds, 10,000 00 11,800 00 

New Y r ork, Ontario and Western R. R. bonds, . 10,000 00 11,300 00 

N. Y r . Central and Hudson River R. R. bonds, . 10,000 00 11,500 00 

Duluth and Manitoba Railroad bonds, . . 10,000 00 10,362 00 

Union Pacific Railroad bonds, . . . . 10,000 00 11,600 00 

Central Pacific Railroad bonds, . . . 10,000 00 11,500 00 

New York, Lack, and Western Railroad bonds, 2,000 00 2,230 00 

Morris and Essex Railroad bonds, . . . 5,000 00 6,450 00 

Long Dock, New Y r ork, bonds, .... 10,000 00 12,000 00 

Atlantic Avenue Railroad bonds, . . . 10,000 00 10,500 00 

Lehigh and Wilkesbarre Coal Company bonds, 10,000 00 11,600 00 

Buffalo and Erie Railroad bonds, . . . 10,000 00 12,300 00 

City of Bayonne Water Works bonds, . . 5,000 00 5,500 00 

Ilolston Salt and Plaster Company bonds, . 25,000 00 30,000 DO 

Chicago, Rock Island and Pacific R. R. bonds, 10,000 00 10,800 00 

Canada Southern Railroad bonds, .... 10,00000 11,00000 

( lentral Railroad of New Jersey bonds, \ . 20,000 00 22,800 00 

St Louis, Arkansas and Texas Railroad bonds, 5,000 00 4,900 00 

Missouri Pacific Railroad bonds, . . . 10,000 00 11,000 00 

Chicago, Burlington and Quincy R. R. bonds, 10,000 00 10,850 00 

Philadelphia and Reading Railroad bonds, . 5,000 00 4,525 00 

Albany and Susquehanna Railroad bonds, . 25,000 00 31,000 00 

Second Avenue Railroad bonds, . . . 10,000 00 10,600 00 

St.L. t IronM.,Cairo,Ark.andTexasR.R.bonds, 5,000 00 5,250 00 

Danville City, Va, bonds, .... 25,00000 26,20000 

Knickerbocker Trust Company stock, . . 7,000 00 10,500 00 

Holland Trust Company stock, . . . 10,000 00 21,000 00 

Chatham National Bank stock, . . . 8,050 00 22,137 00 



L888.] 



INSURANCE COMPANIES. 



169 



North River Bank Btock 

Ami ricao Exchange National Bank Btock, 

National Broadway Bank Btock, 

Leather Manufacturers 1 National Bank Btock, 

\ icholas Bank Btock, .... 
Commercial National Bank stock, . 
Third National Bank Btock, 
Brooklyn Cross-Town Railroad Btock, 



S rarities held as collateral for cash loan- : — 

30 shares Jewel Millie Brooklyn,. 

10 '• Edison Elec. Lt. Co. of New York, 

Clinton Bank, New York. 

978 - Exoh. Fire Ins. Co. of New York, . 

36 " Merch. Fire Ins. Co. of New York, 
100 M Western Nat'l Bank of New York, 

17 M Brooklyn Bank 



Par ralue. 

$12,000 00 

1,000 00 

25 00 

00 

10,000 00 

2< . 



Market value. 

$18,000 00 
5,82 

L9,588 00 
7,755 00 
7,375 00 
11,800 00 
23,000 00 
10,600 00 



>,325 <■• ,467 00 



Market value. Loaned thereon. 



$7,500 00 
1,800 00 

30,650 00 

00 
1387 l 



$2,000 00 
1,000 00 
t,500 00 

25,000 00 
10,080 00 



Summari <»f Assets, Dec. 
Loans on mortg real estate ( first liens*), 

Interest due or accrued thereon, 

:ks and bonds, a< per schedule, . 
Loans on collateral security, as per schedule, . 
-:i in the office of the company, . 

Cash deposited in bank, 

Interest due and accrued 

Premiums in course of collection (gro— 
Deferred and outstanding premium-. 

(il tS 

Deduct Bjpecial deposits in other States, . 

Balance, 

Liabilities. 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, .... 



-_>:;: 00 $42,580 00 

31, 1888. 

$,500 00 

1.2.11 14 

1,029,467 00 

12,680 00 

772 00 

i 

1,198 34 

118,348 93 

,478 10 

$1,367,813 .20 

2 1 1,200 00 



. $1,341,613 20 



$485,292 36 

8,640 00 

$493,932 36 

16,946 75 



476,985 61 

§801.627 59 
500,000 00 

$364,627 59 



Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$69,650 
39,350 
39,350 



170 



ACCIDENT AND GUARANTEE [Dec. 31, 



[ncome. 

Premium- and inspections outstanding Dec. 31, 
1887, 

Premiums and inspections on risks written or 
renewed, ...... 



Total, 

Premiums now in course of collection, . 

Entire premiums and inspections collected, 

Less re-insurance and return premiums, . 

Net cash premiums and inspections received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Gross cash income, 



|11 t,823 09 

194,838 07 

§609,601 16 
188,827 03 

$420,834 13 
15,759 24 



$405,074 89 

1,150 00 

51,378 48 

§457,603 37 



Expenditures. 

Cash paid for losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for inspectors' salaries and expenses, 

for incidentals, . 

Gross cash expenditures, .... 



$33,212 91 
60,000 00 
97,669 58 
25,367 68 
10,649 87 

126,340 16 
26,858 75 

$380,098 95 



Risks and Premiums. premiums. 

Steam boiler risks outstanding Dec. 31, 1887, . $41,422,854 00 $536,480 57 
Steam boiler risks written during 1888, . . 49,358,839 00 494,838 07 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 



. $90,781,693 00 f 1,031,318 64 
. 27,598,111 00 298,330 22 



. $63,183,582 00 $732,988 42 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 

Losses incurred during the year, 

Cash dividend- declared from organization of company, 
Dividends declared during the year (12 per cent.), ; 

Company's stock owned by directors, . 



$1,186,173 00 
88,002 00 
33,213 00 

104,000 00 
60,000 00 

245,000 00 



L888.] 



INSURANCE COMPANIES, 



171 



Mass IlChusetts r>i siness. 

Risks written during the year, 
Premiums received, . 
Received for inspections, , 
Losses paid, 
a incurred, 



$8,010,200 00 

20,088 00 

8,609 00 

69 00 

69 00 



"AMERICAN SURETY COMPANY OF NEW YORK," 
NEW YORK, X. V. 

[Incorporatol April 14, 1W. Commenced bUflincHH April in, 1^1.] 

Paid-up Capital, $i,ooo,ooo. 
Wm. a. Wheelock, President. Fred. F. Nugent, Secretary, 

Detailed Statement of Stocks \m> Bonds. 



United States bonds 

New York ( itv bondfl 

X. Y. Central and Hudson River R.R. Btock, 



Par vnlue. Market value. 

$710,000 00 $905,750 00 

1 "O,000 00 100,000 00 

100,000 00 108,000 00 



$910,000 00 $1,113,750 00 



Securities held as collateral for cash loans: — 



shares National Park Bank, N. Y., 



Market value. Loaned thereon. 

$8,750 00 $6,000 00 



Summary of Assets, Dec. 31, 1888. 

Loans on mortgage of real estate (first liens*), §36,000 00 

Interest due or accrued thereon, . . . 1,000 00 

Stocks and bonds, as per schedule, . . . 1,113,750 00 

Loans on collateral security, as per schedule, . 6,000 00 

Cash in the office of the company, . . . 1,117 12 

Cash deposited in bank, 130,754 38 

Interest due and accrued, 6,566 36 

Premiums in course of collection (gross), . 40,790 04 
Notes taken for salvages, . . $2,568 94 

Gross assets, $1,335,977 90 

Deduct special deposits in Canada, 63,750 00 

Balance, §1,272,227 90 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$24,000 00 
36,000 00 
36,000 00 



172 



ACCIDENT AND GUARANTEE 

Liabilities. 



Claims reported, .... 
Claims disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits. 

Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, 



$13,117 84 
8,731 OS 

178,200 68 
1,312 51 

1201,668 11 
1,093 38 



[Dec. 31, 



$200,574 73 

51,071,053 17 
1,000,000 00 

$71,653 17 



Income. 

Premiums outstanding Dec. 31, 1887, . . $30,329 96 
Premiums on risks written or renewed, . . 363,195 23 

Total, $393,525 19 

Premiums now in course of collection, . . 40,790 04 

Entire premiums collected, .... §352,735 15 
Less re-insurance and return premiums, . . 11,198 52 

Net cash premiums received, .... 

Interest and dividends received from all sources, . 

Gross cash income, 



£341,536 63 
34,067 87 

$375,604 50 



Expenditures. 

Cash paid for losses, ... 

Deduct salvage and re-insurance, 

Xet cash paid for losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$103,829 39 
25,285 62 



,543 77 
60,000 00 
24,707 88 
63,136 14 
3,867 42 
57,412 28 

$287,667 49 



Risks and Premiums. 

Premiums. 

Risks outstanding Dec. 31, 1887, . . .$41,013,864 00 $256,823 is 

. 57,056,135 00 363,195 23 



Risks written during 1888, 

Total, 

Deduct risks expired and terminated. 

In force at end of year, . 



.$98,069,999 00 $620,018 71 
. 48,889,636 00 263,605 35 



.$54,080,363 00 $356,413 :}ij 



1888.] 



INSURANCE COMPANIES. 



173 



Miscellaneous. 
Premiums received from organization of company, 
see paid from organization of company, . 

Losses incurred during the year 

Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stork owned by directors, . 

M &8SACHUSETTS BUSINESS. 

Risks written during the year, 

Premiums received, 

Losses paid 

s incurred, 



$952,901 00 

205,975 00 

102,771 00 

90,000 00 

60,000 00 

143,750 00 



$1,766,400 00 

11,437 00 

5,011 00 

5,511 00 



UNITED STATES BRANCH OF "THE EMPLOYERS 1 LIABILITY 
ASSURANCE CORPORATION, LIMITED," LONDON, ENG. 

Dk posit Capital, $100,000. 

Endicott and Magombeb, Attorneys. 

Office, No. 71 Kilby Stre* /, Boston, 



Detailed Statement of 

United States bonds 

Baltimore and Ohio Railroad bond-, 
Chicago, Santa Fe and Cal. Railroad bond-. . 
New York Central and Hud. Riv. R. R. bonds, 
Fitchburg Railroad bonds, .... 
Old Colony Railroad bonds, .... 



Bonds. 

Par value. 

$100,000 00 
26,000 00 
25,000 00 
20,000 00 
10,000 00 
5,000 00 



Market value. 

$108,500 00 

28,015 00 

25,000 00 

26,400 00 

10,500 00 

5,125 00 



$186,000 00 $203,540 00 



Summary of Assets, Dec. 31, 1888. 

Bonds, as per schedule, §203,540 00 

Cash in the office of the company, ... 19 20 

Cash deposited in bank, 59,452 60 

Premiums in course of collection (gross), . 71,207 30 

Liabilities. 

Losses claimed and reported, .... $35,765 00 

Lriearned premiums on outstanding risks, . 174,261 60 

Commissions and brokerage, .... 13,800 00 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Deposit capital, 



$334,219 10 



Surplus over capital, 



223,826 60 

$110,392 50 
100,000 00 

v $10,392 50 



174 



ACCIDENT AND GUARANTEE [Dec. 31, 



Income. 
Entire premiums collected, .... 
Interest and dividends received from all sources, 
Income from all other sources, 



§357,425 52 

7,925 00 

62 15 



Gross cash income, $ 365,412 67 



Expenditures. 
Cash paid for losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



Gross cash expenditures, 



$104,802 68 

82,089 57 

15,651 80 

5,208 91 

48,418 23 

$256,171 19 



Risks and Premiums. premiums. 

Risks outstanding Dec. 31, 1887, . . . $21,289,061 00 $198,016 09 
Risks written during 1888, .... 62,282,803 00 500,006 82 



Total 

Deduct risks expired and terminated, 

In force at end of year, 



,571,864 00 $698,022 91 
36,814,334 00 349,499 70 



,757,530 00 $348,523 21 



Miscellaneous. 
Losses incurred during the year, 



. $104,802 68 



Massachusetts Business. 

Risks written during the year, $164,084,200 00 

Premiums received, 133,335 00 

Losses paid, 29,896 00 

Losses incurred, , 29,896 00 



"THE FIDELITY AND CASUALTY COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated March 20, 1876. Commenced business May 1, 1876.] 
Paid-up Capital, $250,000. 

Wm. M. Richards, President. Robert J. Hillas, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par value. Market value. 

United States bonds, 4210,000 00 $230,625 00 

New York, Lacka. and Western R. R. stock, . 25,000 00 27,625 00 

P., C. and Toledo Railroad bonds, . . . 25,000 00 27,750 00 

N. Y., West Shore and Buffalo R. R. bonds, . 20,000 00 20,975 00 

Brooklyn and Montauk Railroad bonds, . . 25,000 00 27,875 00 



1888.] 



INSURANCE COMPANIES. 



175 



Lake Erie and Western Railroad bonds, . 
Chicago, Rock Island and Pacific R. EL bonds, 
Central Railroad oi New Jersey bonds,.. 

(in., End., St. Louis and Chicago R. R. bonds, 



Securities held as collateral for cash loans 

Canada Southern Railway stock, 
Chicago, Milwaukee and St. Paul R. R. stock 
N. Y. Centra] and Hudson River R. R. stock, 
Western Union Telegraph Company stock, 
Chicago, Rock Island and Pacific R. R. stock, 
Texas and Pacific Railroad bonds, . 
Midland Railroad of New Jersey bonds, . 
New York, Chicago and St. Louis R. It. bonds 
Philadelphia and Reading Railroad bonds, 
Union Pacific Railroad bonds, . 
Long Dock mortgage bonds, 
Del., Lackawanna and Western Railway stock 
Chicago, Rock Island and Pacific 11. 11. stock, 
Western Union Telegraph Company stock, 
East Tenn., Virginia and Georgia R. R. bonds 



Par value. 

$2/3,000 00 
25,000 00 
25,000 00 
25,000 00 



Market value. 

$27,125 00 
26,781 25 
27,125 00 
23,500 00 



$•405,000 00 $439,381 25 



Market value 

$26,250 00 ^ 
3,848 00 

12,420 00 
8,350 00 
9,750 00 J 
5,400 00^ 
2,305 00 
t,587 00 
4,512 00 
6,870 00 
2,210 00 

14,362 00 
9,750 00 
8,350 00 
4,081 00 J 



Loaned thereon. 



$50,000 00 



> 50,000 00 



$123,045 00 $100,000 00 



Summary of Assets, Dec. 

Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 

f Fidelity, . 
Premiums in course of Plate glass, 



collection (gross), 

Plate glass on hand, 
Miscellaneous, . 
Ledger balances, 
Bills receivable, 
Other property, . 



I Steam boiler, 
^ Accident, 



31, 1888. 

$11,000 00 

439,381 25 

100,000 00 

12,056 07 

55,789 89 

2,422 96 

14,296 83 

19,573 57 

11,706 45 

77,679 80 

7,800 00 

7,777 19 



£6,377 01 
3,777 19 
4,912 00 



$15,066 20 

Gross assets, 

Deduct special deposits in other States, . 



$759,484 01 
10,850 00 



Balance, $748,634 01 



176 



ACCIDENT AOT) GUARANTEE [Dec. 31, 



Liabilities. 
Losses claimed and reported, . 
Losses disputed or resisted, 

f Fidelity, . 
Unearned premiums on J Accident, . 
outstanding risks, j Plate glass, 

^ Steam boiler, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, 



$44,951 91 

4,126 07 

80,798 27 

163,292 82 

75,591 36 

54,857 15 

3,775 36 

45,067 88 

$472,460 82 
8,459 08 



$464,001 74 

$284,632 27 
250,000 00 



Surplus over capital, $34,632 27 



Income. 

Cash received for fidelity risks, 

Deduct re-insurance and return premiums, 

Net cash received for fidelity risks, . 

Cash received for accident risks, 

Deduct re-insurance and return premiums, 

Net cash received for accident risks, 

Cash received for plate-glass risks, . 

Deduct re-insurance and return premiums, 

Net cash received for plate-glass risks, . 

Cash received for boiler risks, . 

Deduct re-insurance and return premiums, 

Net cash received for boiler risks, . 

Cash received for interest, 

Cash received for rents, .... 



Gross cash income, 



Expenditures 
Cash paid for fidelity claims, . 
Deduct amount recovered, 
Net cash paid for fidelity claims, 
Cash paid for accident claims, . 
Deduct rebate and re-insurance, 
Net cash paid for accident claims, 
Cash paid for plate-glass claims, 
Deduct salvage and re-insurance, 
Net cash paid for plate-glass claims 
Cash paid for steam-boiler claims, 
Deduol re-insurance, etc., . 
Net cash paid for steam-boiler claims, 



$170,232 90 
15,662 39 

$318,893 07 
4,618 23 

$153,387 82 
6,666 89 



34,815 67 
7,002 83 



$58,250 83 
34,777 62 

$141,978 11 
1,59! 99 

$64,166 39 
4,150 40 



$13,894 41 
6,517 00 



$154,570 51 
314,274 84 
146,720 93 



57,812 84 

20,801 16 

252 00 

$694,432 28 



$23,473 21 

140,383 12 

60,015 99 

7,377 41 



1888.] 



INSURANCE COMPANIES. 



177 



•i dividends paid 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for incidentals, ..... 
profit and loss account, . 

Gross casli expenditures, .... 



$10,000 00 

178,428 21 

69,697 74 

10,837 44 

104,119 54 

5,164 21 

$604,496 87 



Risks and Premiums. 

Premiums. 

Fidelity risks in force Dec. 81, 1887, . . $19,724,754 00 $142,330 13 

Fidelity risks written or renewed daring 1888, 31,609,359 00 202,425 45 



Total 

Deduct expirations and cancellations, 

In force Dec. 31, 1888, 



.$51,334,113 00 |844,755 58 
. 26,366,674 00 183,159 04 



.$24,967,439 00 $161,596 54 



Accident risks in force Dec. 31, 1887, . . $42,164,228 00 $270,222 92 
Accident risks written or renewed during 1888, 67,190,265 00 133,070 78 



Total 

Deduct expirations and cancellations, 

In force Dec. 31, 1888, 



$109,354,493 00 f 703,293 65 
. 58,508,618 00 376,708 01 



.$50,845,875 00 $326,585 64 



Plate-glass risks in force Dec. 31, 1887, . . $4,367,394 00 $130,508 17 
Plate-glass risks written or renewed during 1888, 5,941,797 00 174,224 35 



Total, 

Deduct expirations and cancellations, 

In force Dec. 31, 1888, 



.$10,309,191 00 $304,732 52 
. 5,048,880 00 153,549 81 



$5,260,311 00 $151,182 71 



Steam-boiler risks in force Dec. 31, 1887, . $4,538,734 00 
Steam-boiler risks written or renewed during 

1888, 10,297,083 00 



,835 G9 
81,575 90 



Total, $14,835,817 00 $142,41159 

Deduct expirations and cancellations, . . 4,278,898 00 46,726 67 



In force Dec. 31, 1888, 



. $10,556,919 00 $95,684 92 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Cash dividends declared during the year, 
Total losses incurred during the year, . 



$3,688,905 00 

1,412,347 00 

120,000 00 

10,000 00 

231,250 00 



178 ACCIDENT AND GUAKANTEE [Dec. 31, 

Massachusetts Business. 

Fidelity. Accident. 

Premiums received, $14,935 12 $14,668 73 

Losses incurred, 13 67 4,733 64 

Losses paid, 13 67 .4,733 64 

Amount at risk, 2,368,001 00 2,721,100 00 



UNITED STATES BRANCH OF "THE GUARANTEE COMPANY 
OF NORTH AMERICA," MONTREAL, CANADA. 

Deposit Capital, $200,000. 

Alexander T. Galt, President. Edward Rawlings, Managing Director. 

Detailed Statement of Bonds. 

Tar value. Market value. 

United States bonds, ...... $214,000 00 §231,120 00 

Richmond city bonds, 
Toronto city bonds, . 
Montreal harbor bonds, 



Canada Southern Railroad bonds, 



1,000 00 1,220 00 

10,000 00 11,650 00 

17,000 00 19,887 50 

15,000 00 14,025 00 



$257,000 00 $277,902 50 



Summary of Assets, Dec. 31, 1888. 
Cash value of unencumbered real estate, . $2,227 51 

Loans on mortgage of real estate (first liens), . 9,056 53 

Bonds, as per schedule, ( 277,902 50 

Cash deposited in bank, 40,748 21 

Interest due and accrued, ..... 832 50 

Premiums in course of collection (gross), . 16,40151 

Furniture and safes, .... $2,435 58 

Gross assets, $347,168 76 

Deduct special deposits in other States, 16,340 00 

Balance, $330,828 76 

Liabilities. 

Amount of unjDaid losses, $9,893 87 

Unearned premiums on outstanding risks, . 90,286 62 

Due and accrued for rent, salaries, etc., . . 4,128 41 



Gross liabilities, except capital, . . $104,308 90 
Deduct liability on special deposits, . . . 4,850 20 



99,458 70 



Surplus as regards policy holders, $231,370 06 

Deposit capital, 200,000 00 

Surplus over capital, $31,370 06 



L888.] 



INSURANCE COMPAXIES. 



179 



Income. 
Premiums outstanding Doc. 31, 1887, . . £23,689 37 
Premiums on risks written or renewed, . . 215,443 25 

Total, $239,132 62 

Premiums now in course of collection, . . 16,401 51 

Entire premiums collected, .... $222,731 11 
Less re-insurance and return premiums, . . 48,236 58 

Ne1 cash premiums received, .... 

Interest and dividends received from all sources, . 

Claims recovered, 



$174,494 53 

10,077 09 

3,771 95 



Gross cash income, $188,343 57 



Expenditures. 

( !aah paid for losses, 

Deduct salvage and re-insurance, 

Net cash paid for losses, 

h dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$59,724 57 
376 94 



Gross cash expenditures, 



$59,347 63 
6,153 16 
3,305 05 

22,031 32 
3,393 26 

35,161 53 

$129,391 95 



Risks and Premiums. 



Tremiums. 



Risks outstanding Dec. 31, 1887, 
Risks written during 1888, 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 



123,558,596 00 $176,470 35 
39,329,139 00 267,425 38 



. £62,887,735 00 $443,895 73 
. 36,457,464 00 252,841 23 



.$ 26,430,271 00 $191,054 50 
. 1,511,208 00 10,481 25 



.$24,919,063 00 $180,573 25 



Miscellaneous. 
Losses incurred during the year, 



$59,935 00 



Massachusetts Business. 

Risks written in 1888, $2,643,290 00 

Premiums received, 19,088 00 

Losses paid, 4,591 00 

Losses incurred, 9,597 00 



180 



ACCIDENT AND GUARANTEE [Dec. 31, 



M THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE 
COMPANY," HARTFORD, CONN. 

[Incorporated June, 1866. Commenced business October, 1866.] 
Paid-up Capital, $500,000. 

J. M. Allen, President. J. B. Pierce, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par value. Market value. 

State of Connecticut bonds, .... f 100,000 00 $107,500 00 

United States bonds, 2,000 00 2,500 00 

AVooster (O.) city bonds, 10,000 00 10,500 00 

Atchison (Kan.) city park bonds, . . . 15,00) 00 15,750 00 

Solomon (Kan.) city bonds, .... 5,000 00 5,500 00 

Hutchinson (Kan.) city bonds, . . . 12,000 00 12,600 00 

Cullison (Kan.) city bonds, .... 6,500 00 7,150 00 

Coolidge (Kan.) city bonds, .... 10,000 00 11,000 00 

Evansville (Ind.) city bonds, .... 10,000 00 11,000 00 

Council Bluffs (la.) city bonds, . . . 10,000 00 11,000 00 

AVinfield (Kan.) city bonds, .... 10,000 00 10,500 00 

York (Neb.) city bonds, 10,000 00 10,500 00 

Abilene city (Kan.) B'd of Ed. bonds, . . 12,000 00 12,600 00 

Anthony city (Kan.) B'd of Ed. bonds, . . 12,500 00 13,750 00 

Madrid (la.) school district bonds, . . . 4,000 00 4,200 00 

Nebraska school bonds, ..... 1,000 00 1,020 00 

Nebraska school bonds, 12,555 00 13,182 75 

Kansas school bonds, 11,435 00 11,663 70 

Kansas school bonds, 5,000 00 5,250 00 

Minnesota school bonds, 1,400 00 1,470 00 

Mason and Tazewell district (111.) bonds, . 13,200 00 14,256 00 

Lake Fork district (111.) bonds, . . . 14,010 61 14,71111 

W. C. Special district (111.) bonds, . . . 10,000 00 10,500 00 

Big Slough district (111.) bonds, . . . 15,000 00 15,750 00 

Peoria (111.) township bonds, .... 5,000 00 5,000 00 

Oxford (Kan.) township bonds, . . . 10,000 00 10,500 00 

Oswego (Kan ) township bonds, . . . 10,000 00 10,500 00 

Jefferson (Kan ) township bonds, . . . 10,000 00 10,500 00 

Reno (Kan.) township bonds, .... 15,000 00 15,750 00 

Dexter (Kan.) township bonds, . . . 10,000 00 10,500 00 

Albion (Neb.) village bonds, .... 6,500 00 7,150 00 

School Creek Precinct, Clay Co. (Neb.), bonds, 5,000 00 5,250 00 

Sutton Precinct, Clay Co. (Neb.), bonds, . . 5,000 00 5,250 00 

Lewis Precinct, Clay Co. (Neb.), bonds, . . 8,000 00 8,400 00 

Pawnee County (Kan.) bonds, . . . . 11,000 00 11,550 00 

Dickinson County (Kan.) bonds, . . . 15,000 00 15,750 00 

Ril.-v County (Kan.) bonds, .... 10,000 00 10,500 00 

Lyon County (la) bonds, .... 10,000 00 10,000 00 

Dayton and Western R. R. bonds, . . . 15,000 00 16,500 00 



38.] 



INSURANCE COMPAXII>. 



181 



- Johnsbury and Lake Champ. EL EL bonds, 
Kming Coal EL R. Co. bonds, 

Cincinnati. Van Wert and Mich. R. EL bonds. 
40 sha: Xat. Bank. Hartford, 

Hartford Nat Bank, Hartford, 
" Security Company. Hartford, . 
American Nat. Bank. Hartford. 
61 " Farm and Mech. Xat'l B% Hartfd 
S3 " -V.tna Xat'l Bank. Hartford, . 

•• X. Y.. X. Haven and Hartford EL EL 
110 " Chicago, Burl, and Quincy EL 11 . 
'• Chic. Mil. and St. Paul R*. R. ( 
" Ateh., Topeka and Santa Fe R. EL, 
110 " Chic.R. Island and Pacific Railway 
100 M St. Louis and San Franciaco Railway 
M Chic, and X'orthwe-tcrn Railway, 



Tar valae. 

$15,000 00 
10,000 00 

12,000 00 
4.o00 00 
3,400 00 
- 00 00 
10 00 
6,100 00 
00 

1",000 00 

11,000 

l'»,000 00 

10,1 

11,000 00 

K',000 00 

1<>,000 00 



Market value. 

00 
11,000 00 

lo.L 

3,800 00 

- , 00 

11,200 00 

6,5-' 

6,405 00 

2.4 K 

- CO 
11^990 00 
10,500 00 

5,800 00 
10,670 00 

11.: 

14,000 00 



61 $652,103 56 



- MMARY OF ASSETS, DEC. 81, 1888. 

Loans on mortgage of real estate (first liens*), £411,660 00 

'.Mil 26 

652.103 56 

1,245 36 

69,740 42 

14,442 32 

116,811 10 



Interest due or accrued thereon, 
Stocks and bonds, a- per schedule, . 
Cash in the office of the company, . 

Cash deposited in bank 

Interest due and accrued 

Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Losses claimed and reported, . 

L'nearned premiums on outstanding risks. 

Due and accrued for rent. 

Commissions and brokerage, . 

Gross liabilities, except capital, 



Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 



£5,844 92 

245 00 

550 00 

1,669 74 



£1.275.114 02 



688,309 66 

£586,804 36 
500,000 00 

$86,804 36 



Premiums and inspections outstanding Dec. 31, 

18-7 £95,879 30 

Premiums and inspections on risks written or 

renewed, 708.212 11 



Total, £804,091 41 

* Valae of lands mortgaged $1,295, &45 

Valne of buildings thereon 265,180 

Amount of insurance held aa collateral, 99,950 



182 



ACCIDENT AND GUARANTEE [Dec. 31, 



Premiums and inspections now in course of 
collection, 

Entire premiums and inspections collected, 
Less re-insurance and return premiums, . 
Net cash premiums and inspections received, 
Interest received on mortgages, 
Interest and dividends received from all other 
Income from special services, . 



Gross cash income, 



£116,811 10 

$687,280 31 
72,913 31 



sources, 



§614,367 00 

25,040 32 

29,582 47 

3,158 14 

$672,147 93 



Expenditures. 

Cash paid for losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for inspection expenses, . 

for incidentals, 



Gross cash expenditures, 



$40,811 25 
50,000 00 

144,235 73 

22,950 00 

9,867 96 

169,385 17 
91,172 92 

$528,423 03 



Risks and Premiums. 

Premiums. 

Risks outstanding Dec. 31, 1887, . . $63,844,675 00 $780,251 87 

62,211,702 00 708,212 11 



Risks written during 1888, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



§126,056,377 00 $1,488,463 98 
34,954,234 00 406,337 85 



$91,102,143 00 $1,082,126 13 



Miscellaneous. 

Premiums and inspections received from organization of 

comjDany, 

Losses paid from organization of company, . 

Losses incurred during the year, 

Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



: ,839,913 00 
351,680 00 

44,483 00 
389,750 00 

50,000 00 
132,000 00 



Massachusetts Business. 

Risks written during the year, 

Received for premiums and inspections, . 

Losses paid, 

Losses incurred, 



1,185,133 00 

81,175 50 

889 81 

585 19 



L888.] 



INM'KAXCE COMPANIES. 



183 



"LLOYDS PLATE GLASS [NSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. V. 

[Incorporated August, 1882. Commenced business Sept. 4, 1882.] 
Paid-up Capital, $100,000. 

J. G. r»i:i.Mr.i!, PmideiU. W. T. Woods, Secretory. 

Detailed Statement of Stocks and Bonds. 

Par value. Market value. 

United States bonda $105,000 00 $133,743 75 

Chicago and Eastern Illinois Railroad bonds, . 5,000 00 5,900 00 

42dst.,ManluitYille.andst.Xich.Av.R.R.b , ds, 5,000 00 5,600 00 

Atlantic Avenue Railroad bonds, . . . 7,000 00 7,350 00 

Toledo and Ohio Central Railroad bonds, . 10,000 00 10,187 50 

Broadway and 7th Avenue Railroad bonds, . 10,000 00 10,700 00 

Second Avenue Railroad bonds, . . . 15,000 00 15,675 00 

Third Avenue Railroad bonds 5,000 00 5,425 00 

Brooklyn Cross-town Railroad bonds, . . 10,000 00 10,700 00 

Brooklyn and Coney Island Railroad bonds, . 10,000 00 10,100 00 

Long Island L. and T. Company stock, . . 5,000 00 8,250 00 

New York city bonds 19,000 00 21,280 00 

Connecticut State bonds, 2,000 00 2.120 00 

$208,000 00 $247,031 25 

Summary of Assets, Dec. 31, 1888. 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Plate glass on hand, 

Bills payable, $397 51 

Prern's more than three months due, 2,715 98 

Gross assets, 

Deduct special deposits in Canada, . 



§247,031 26 

2,421 66 

14,555 27 

2,179 16 

54,031 61 

15,209 22 



Balance, 



Liabilities 
Losses claimed and reported, . 

Unearned premiums on outstanding risks, 

Due and accrued for advertising and incidentals 

Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 



$335,428 17 
6,368 75 

§329,059 42 



§3,076 87 

144,045 88 

21,026 59 

14,186 89 

$182,336 23 
6,368 75 



175,967 48 

$153,091 94 

100,000 00 

$53,091 94 



184 



ACCIDENT AND GUARANTEE [Dec. 31, 



Income. 
Premiums outstanding Dec. 31, 1887, 
Same u<>t collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less re-insurance and return premiums, 

Net cash premiums received, . 

Interest and dividends received from all sources, 



$47,585 44 
23 79 

£47,561 C5 
301,189 05 

$348,750 70 
56,747 59 

$292,003 11 
20,218 04 



$271,785 07 
6,711 83 



Gross cash income, $278,496 90 



Expenditures. 

Cash paid for losses, 

Deduct salvage and re-insurance, 

Net cash paid for losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

Gross cash expenditures, .... 



$166,339 24 
52,118 26 



$114,220 98 

10,000 00 

64,181 00 

52,510 01 

5,110 40 

$246,022 39 



Risks outstanding Dec. 31, 1887, 
Risks written during 1888, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



Risks and Premiums. 

. $7,776,537 00 



9,663,009 00 



Premiums. 

^238,538 47 
301,189 05 



.$17,439,546 00 $539,727 52 
. 8,229,945 00 254,347 84 



1,209,601 00 $285,379 68 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 

Losses incurred during the year, 

Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . . . . 



$1,221,720 00 

447,518 00 

113,225 00 

45,000 00 

10,000 00 

67,700 00 



Massachusetts Business. 

Risks written during the year, $683,376 00 

Premiums received, 18,765 00 

Losses paid, 7,150 # 00 

Losses incurred, 7,391 00 



1888.] 



INSURANCE COMPANIES. 



185 



MASSACHUSETTS TITLE INSURANCE COMPANY, BOSTON. 

[Incorporated Jan. 19, 1885. Commenced business March 6, 1885.] 
Paid-up Capital, $300,000. 

Arnold A. Rand, Henry H. Sprague, 

Vice-President and Manager. 

Office, No. 23 Milk Street. 



Clerk and Treasurer. 



Detailed Statement of Bonds, Etc. 

Fitchburg Railroad bonds, 

Boston and Maine Railroad note, 



Summary of Assets, Dec. 31, 1888. 



Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens), 
Interest due or accrued thereon, 
Bonds, etc., as per schedule, 
Loan on collateral security, 
Plant of the company, 
Cash deposited in bank, 
Interest due and accrued, 
Bills receivable, 
Furniture and fixtures, . . . $8,161 63 
Gross assets, 



£5,000 00 

73,366 63 

799 75 

43,000 00 

4,461 25 

168,511 29 

5,029 50 

300 00 

8,941 00 



$20,000 00 
23,000 00 

$43,000 00 



$309,409 42 



Due for borrowed money, 
Gross liabilities, 



Liabilities. 



. $14,000 00 



$14,000 00 



Income. 
Cash premiums received, . 

for conveyancing, 

for information furnished, 

Interest and dividends received from all 

Income from commissions, 

Guaranty fund, 



sources, 



Gross cash income, 



$33,499 17 

7,906 86 

2,097 00 

322 49 

23 85 

8,436 76 

$52,286 13 



Expenditures. 
Interest paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



Gross cash expenditures, 



$1,126 20 

510 77 

34,582 02 

2,866 04 

13,064 29 

$52,149 32 



186 



ACCIDENT AND GUARANTEE [Dec. 31, 



Miscellaneous. 
Risks written during 1888, 

Premiums received from organization of company, 

Losses incurred during the year, . . . . 

Company's stock owned by directors, 



$3,887,491 00 

94,059 00 

60 00 

57,200 00 



"THE METROPOLITAN PLATE-GLASS INSURANCE COMPANY 
OF NEW YORK," NEW YORK, N. Y. 

[Incorporated April 22, 1874. Commenced business April 23, 1874.] 

Paid-up Capital, $100,000. 

Henry Harteau, President. Eugene H. Winslow, Secretary. 



Summary of Assets, Dec. 31, 1888. 



United States bonds, . 
Cash in the office of the company, 
Cash deposited in bank, . 
Premiums in course of collection, 
Gross assets, 



$244,150 00 

5,147 74 

21,360 39 

16,581 37 



$287,239 50 



Liabilities. 

Losses claimed and reported, . . 
Unearned premiums on outstanding risks, 
Due and accrued for salaries, etc., . 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surjjlus as regards policy holders, 
Paid-up capital, 



Surplus over capital, 



$3,200 10 

84,397 97 

4,434 74 

4,811 91 



96,844 72 



$190,394 78 
100,000 00 

$90,394 78 



Income 

Premiums outstanding Dec. 31, 1887, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less re-insurance and return premiums, 
Net cash premiums received, . 
Interest received from all sources, . 

Gross cash income, 



$14,480 31 
180,813 04 

$195,293 35 
19,136 97 

$176,156 38 
12,017 10 



$164,139 28 
7,938 28 

$172,077 56 



1888.] 



INSURANCE COMPANIES. 



187 



Expenditures. 

Cash paid for losses, 

Deduct salvage and re-insurance, 

Net cash paid for losses, ..... 

( lash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and loeal taxes, 

Gross cash expenditures, .... 



$76,685 76 
11,456 54 



$65,229 22 

11,000 00 

44,750 29 

27,868 01 

1,525 91 

$150,373 43 



lvi-ks outstanding Dec. 31, 1887, 
Risks written during 1888, 



Risks and Premiums. 

rrcraiums. 

. $4,952,960 00 $150,041 63 
. 5,983,708 00 180,813 04 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



$10,936,668 00 $330,854 67 
5,353,530 00 162,058 73 



. $5,583,138 00 $168,795 94 



Miscellaneous. 

Premiums received from organization of company, 
tea paid from organization of company, . 

Losses incurred during the year, 

Cash dividends declared from organization of company, 
Dividends declared during the year (11 per cent.), 
Company's stock owned by directors, .... 

Massachusetts Business. 

Risks written during the year, 

Premiums received, 

Losses paid, 

Losses incurred, 



§1,267,636 00 

446,145 00 

64,892 00 

128,000 00 

11,000 00 

57,500 00 



$679,801 00 

18,672 00 

7,681 00 

7,681 00 



"MUTUAL BOILER INSURANCE COMPANY," BOSTON. 

[Incorporated April 13, 1877. Commenced business June, 1877.] 

George W. Wheelwright, President. Herbert Coolidge, Secretary. 

Office, No. 70 Water Street. 

Summary of Assets, Dec. 31, 1888. 

Fitchburg Railroad bonds, .... $3,000 00 

Cash in the office of the company, . 

Cash deposited in bank, . 

Premiums in course of collection (net), 

Interest accrued, .... 

Mileage tickets, 

Gross assets, $9,074 38 



40 


32 


5,761 


72 


180 00 


45 


00 


47 


34 



188 



ACCIDENT AND GUARANTEE [Dec. 31, 



Liabilities. 
Unearned premiums on outstanding risks, 
State and local taxes, due or accrued, 
Gross liabilities, 



Surplus, 



$3,258 85 
11 11 



$3,269 96 
$5,804 42 



Income. 

Cash premiums received during the year, 
Deduct return premiums, .... 
Net cash premiums received, . 
Received for interest from all sources, 
Received from inspections, 



Gross cash income, 



$6,757 21 
61 67 



$6,695 54 

265 45 

35 00 

$6,995 99 



Expenditures. 

Cash paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, 

for inspections, 

for incidental expenses, .... 

Gross cash expenditures, 



$173 


52 


1,088 


00 


62 


63 


1,956 


30 


200 


00 


2,243 


21 


155 


38 



>,879 04 



Miscellaneous. 

Risks outstanding Dec. 31, 1887, $822,950 00 
Risks written during 1888, . 817,600 00 



Cash prem's. Cont. prem's. 

$6,612 05 $33,060 25 
6,617 71 33,088 55 



Total, $1,640,550 00 $13,229 76 $66,148 80 

Risks terminated during 1888, . 834,950 00 6,712 05 33,560 25 

NetamountinforceDec.31,1888, $805,600 00 $6,517 71 $32,588 55 

Percentage of profits or surplus returned during 1888, 30 per cent. 



Massachusetts Business. 

Risks written during the year, 

Cash premiums received, 

Contingent premiums received, .... 



$579,300 00 

4,678 00 

23,392 00 



1888.] 



INSURANCE COMPANIES. 



189 



"THE STANDARD LIFE AND ACCIDENT INSURANCE COM- 
PANY," DETROIT, MICH. 

[Incorporated May 29, 1884. Commenced business Aug. 1, 1884.] 

Paid up Capital, $200,000. 

D. M. Ferry, President. Stewart Marks, Secretary. 



Income. 



Total premium income, 
Cash received for interest, 



Total income, . . , 
Net or ledger assets, Dec. 31, 1887, 



Total, 



Disbursements 

Cash paid for losses, 

for commissions and brokerage, 

for medical examiner's fees, . 

for salaries of officers and office em 

for taxes and fees, . 

for rent, ..... 

for advertising, 

for furniture and office fixtures, 

for printing and stationery, 

for express, postage, etc., 

for miscellaneous, . 



Total disbursements, 



Balance, $359,100 85 



ploy 



ees, 



$446,049 68 
12,733 97 

8 I. ".8,783 65 
306,082 28 

$764,865 93 



§198,013 92 

123,619 13 

2,167 98 

39,284 59 

12,089 92 

5,520 45 

3,608 68 

193 45 

7,050 73 

3,774 54 

10,441 69 

$405,765 08 



Invested in the following : — 

Assets as per Ledger Accounts 
Loans ou mortgage of real estate (first liens), 
Cost value of Detroit city bonds owned, . 
Cash in company's office, , # 
Cash deposited in bank, 



Ledger assets (as per balance), 



$235,965 00 

50,000 00 

9,097 99 

64,037 86 

$359,100 85 



Other Assets, 
Interest due and accrued, .... 
Deferred premiums on policies in force, . 

Deduct loading, 

Net ain't of uncollected and deferred prenfs, 

Total assets per company's books, . 



§126,749 58 
34,856 13 



8,430 72 



91,893 45 
§459,425 02 



190 ACCIDENT AND GUARANTEE [Dec. 31, 

Liabilities. 
Premium reserve on account of accident risks outstanding 

Dec. 31, 1888, $224,812 14 

Claims resisted by the company, 21,300 00 

Liabilities as to policy holders, $246,112 14 

Surplus as regards policy holders, . . $213,312 88 

Paid-up capital, . 200,000 00 

Surplus over capital, 13,312 88 

Gross liabilities, $459,425 02 

Miscellaneous. 

Number. Amount. Prem's thereon. 

In force Dec. 31, 1887, . . . 15,073 $28,375,450 $285,878 30 

Written or renewed during 1888, . 30,343 59,329,675 598,974 49 

Total, 45,416 $87,705,125 $884,852 79 

Deduct those expired and terminated, 21,017 39,532,500 435,228 51 

In force at the end of the year, . 24,399 $48,172,625 $449,624 28 

Massachusetts Business. 

Number. Amount. 

Accident risks written during the year, . . . 248 $692,500 

Premiums received, - 3,575 



"THE TRAVELERS' INSURANCE COMPANY" (ACCIDENT 
DEPARTMENT), HARTFORD, CONN. 

[Incorporated June 17, 1863. Commenced business April 1, 1864.] 
Paid-up Capital, $600,000. 

James G. Batterson, President. Rodney Dennis, Secretary. 

Income. 

Total premium income, $2,190,507 98 

Cash received for interest, 101,743 64 

Cash received for rents of company's property, . . . 6,859 81 

♦ 

Total income, $2,299,111 43 

Net or ledger assets, Dec. 31, 1887, 2,924,339 67 

Total, $5,223,451 10 

Disbursements. 



Cash paid for losses, 

for dividends to stockholders, .... 
for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiner's fees, .... 



$1,059,505 28 

96,000 00 

583,293 02 

114,151 62 

8,369 95 



L888.] INSURANCE COMPANIES. 191 

Cash paid for salaries of officers and office employees, . . $96,201 64 

for taxes and fees, 31,413 78 

for rent 26,740 56 

for furniture an(J office fixtures, .... 827 11 

for advertising, 80,293 07 

for incidentals, 75,573 95 

for profit and loss, 141,168 84 

Total disbursements, $2,313,538 82 

Balance, f2,909,912 28 



Invested in the following : — 



Assets as per Ledger Accounts. 

Cost value of real estate, 

Cost value of stocks and bonds owned (schedule A), 

Casta in company's office, . 

Cash deposited in bank, . 

Bills receivable, .... 

Agents' ledger balances, . 

Ledger assets (as per balance), 
Deduct depreciation from cost of assets, 



Total net or ledger assets, . 



$193,636 05 

2,038,725 02 

1,568 18 

116,932 07 

192,779 64 

366,271 32 

$2,909,912 28 
445,210 18 

$2,464,702 10 



Items not Admitted. 



Agents' balances, 

Bills receivable, 

Total, . 



$366,271 32 
192,779 64 



559,050 96 



Total admitted assets, 



. $1,905,651 14 



Liabilities. 

Premium reserve on account of accident risks outstanding 

Dec. 31, 1888, $736,416 51 

Death losses due and unpaid, .... $ 58,650 00 
Claims resisted by the company, . . . 69,500 00 

Total policy claims, 128,150 00 

Due for salaries, rent and office expenses, .... 10,000 00 

Liabilities as to policy holders, $874,566 51 

Surplus as regards policy holders, . . $1,031,084 63 

Paid-up capital, 600,000 00 

Surplus over capital, 431,084 63 

• Gross liabilities, $1,905,65114 



192 



ACCIDENT AND GUARANTEE [Dec. 31, 



Exhibit of Policies. 

Accident policies in force Dec. 31, 1887, . 
Accident policies written during 1888, 



Number. 

77,939 
111,404 



Amount. 

$228,409,232 00 
304,049,375 00 



189,343 $532,458,607 00 



Policies ceased to be in force during the Year. 



Number. Amount. 

Terminated by death, 256 $535,850 00 

Terminated by expiry, 111,650 290,319,089 00 



In force Dec. 31, 1888, 



111,906 290,854,939 00 



77,437 $241,603,668 00 



Massachusetts Business. 
Accident risks written during the year, . . 7,674 

Premiums received, - 

Losses paid, 856 

Losses incurred, 856 



$25,888,800 00 

132,524 00 

44,290 00 

45,290 00 



Schedule A. 
Stocks and Bonds owned by the Company. 

Cost. Market value. 

United States bonds, f 160,639 25 $ 162,562 50 

Tennessee State bonds, 26,677 50 20,480 00 

Johnson County (111.) bonds, .... 33,185 61 33,000 00 

Wayne County (111.) bonds, .... 16,625 82 17,000 00 

White County (111.) bonds, .... 8,060 44 8,500 00 

Montrose County (Col.) bonds, . . . 5,200 00 5,200 00 

Rio Arriba County (N. M.) bonds, . . . 14,896 00 15,200 00 

Cass County (Dak.) school district bonds, . 24,500 00 24,500 00 

Montrose County (Col.) school district bonds, 8,000 00 8,000 00 

Bloomfield (Conn.) town bonds, . . . 30,000 00 30,000 00 

Pitkin (Col.) town bonds, .... 3,500 00 3,500 00 

Howard Township (Kan.) bonds, . . . 20,441 43 24,000 00 

Paw Paw Township (Kan.) bonds, . . . 6,813 50 8,000 00 

Elizabeth (N. J.) city bonds, .... 9,593 33 5,000 00 

Parsons (Kan.) city bonds, . 20,000 00 20,000 00 

Lima (Ohio) city bonds, 15,980 00 16,000 00 

Richmond (Va.) city bonds, .... 30,937 50 29,700 00 

Chicago, Burlington and Quincy R. R. bonds, 3,000 00 5,550 00 

Columbus and Western Railroad bonds, . . 53,000 00 54,000 00 

Pullman Palace Car Company bonds, . . 32,240 00 31,150 00 

Fort Morgan (Col.) Land and Canal Co. bonds, 120,000 00 

Del Norte (Col.) Land and Canal Co. bonds, . 133,825 00 

Unconipahgre (Col.) Canal Company bonds, . 42,000 00 



L888.] 



[NSURANCE COMPANIES. 



198 



1100 shares Chicago, Burl, and Quincy EL EL, 

600 " Illinois Central Railroad, 

1000 M Pennsylvania Railroad, . 

800 u Union Pacific Railroad, . 

I " Chic. Mil. and St. Paul R. R., 

200 " Chicago and Northwestern EL R., 

210 " Chicago and Alton Railroad. 

loo " Illinois Central Railroad, 

240 " F. and M. Natl B'k. Hart.. Conn. 

698 M American Xat'l B'k, Hart., Conn. 

400 " City Xat'l Bank. Hartford. Conn. 

687 M Plxenix Xat'l B'k, Hartford, Conn. 

212 " .Etna Xat'l Bank. Hartford. Conn. 

200 " Mere'tile Xat'l B'k, Hartford.Conn. 

140 " New Britain Xat'l B'k. X. P.. .Conn. 

100 " Natl B'k of Commerce, New York 

S3 ^ Xat'l Shot- and Leather B'k, X. Y. 

100 " St. Paul Xat'l B'k, St. Paul, Minn. 

276 " First National B'k, Moms, Minn. 

488 " Hartford Trust Co., Hart, Conn., 

203 " Western Union Telegraph Co., 

4300 " N. Poudre (Col.) Land & Canal Co. 

4950 " Grand Valley (Col.) Canal Co., 

9950 " Monte Vista (Col.) Canal Co., 



Cost 

$122,927 25 

72,404 58 

237. .-in;} 17 

.462 50 

215.sst 73 

28,268 73 

22.31s ;;, 

8,644 00 
3,1.131 87 
48,599 00 
44.i;tW 73 
94,479 50 
29,601 62 
20,182 00 
17,540 00 
13,975 00 

1.155 00 
10,000 00 
32,540 00 
48,300 15 
18,192 00 
27.950 00 
24,750 no 
28,650 00 



Market value. 

$121,000 00 
69,600 00 

211,500 00 
12,800 00 

179,562 50 
28.200 00 
28,140 00 
9,500 00 
24,600 00 
41,580 00 
37,200 00 
75.803 00 
24,805 00 
17,000 00 
21,000 00 
17,800 00 
1,950 00 
11,500 00 
27,600 00 
61,000 00 
16,975 88 
27.950 00 
24,750 00 
24,875 00 



38,725 02 £1,644,033 88 



MASSACHUSETTS 

ASSESSMENT LIFE AND CASUALTY 
INSURANCE COMPANIES. 



ABSTRACTS OF STATEMENTS, DEC. 31, 1888, 



195 



SUMMARY OF STATEMENTS RECEIVED. 



BAY STATE BENEFICIARY ASSOCIATION, WESTFIELD, MASS. 

[Incorporateil June 2, 1881. Commenced business June 2, 1881.] 

.John K. Reed, President. Robert W. Parks, Secretary. 

Office, Wcstfcldy Mass. 

Income during 1888. 

For membership fe< $16,276 00 

annual due- 45,7;")!) 65 

mortuary assessments, .317,194 90 

medical examiner's fees paid by applicant, . . . 2,200 00 

interest, 1,632 76 

Total income, . . . $383,063 31 

Balance on hand Dec. 31, 1887, 84,387 78 



Total $467,451 09 



Disbursements during 1888. 

For losses and claims (96 deaths), . . . $296,500 00 

salaries and commissions to agents, . . 36,764 76 

salaries of officers and employees, . . 11,989 20 

medical examiner's fees, .... 5,164 60 

all other items, 10,317 09 

Total disbursements, 



Balance, 



360,735 65 
$106,715 44 



Net or Invested Assets. 

Cost value of bonds owned, $74,069 17 

Cash in office, 1,421 58 

deposits on emergency or reserve fund account, . . 30,649 47 

in bank, 575 22 



Total net or invested assets, $106,715 44 

Non-invested Assets. 
Interest accrued, 41 08 



Gross assets, $106,756 52 

197 



11)8 



ASSESSMENT LIFE AND 



[Dec. 31, 



Contingent Mortuary Assets (or Resources). 
Mortuary assessments called and not vet due 

(since paid) f60 t 000 00 

Mortuarj assessments nol yel called for losses 

anadjusted, 21,000 00 

Total duo from members, . . . $81,000 00 



Contingent Mortuary Liabilities. 
Losses in process of adjustment (number of claims, 24), 



,000 00 



Total Business of 1888 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total 

Policies ceased during 1888, 

Policies in force Dec 31, 1888, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, . . . . . 
Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. 

10,394 
2,236 



Amount. 

$32,710,000 00 
7,388,000 00 



12,630 
1,618 



$40,098,000 00 
5,309,000 00 



11,012 $34,789,000 00 



31 

89 



120 
96 

24 



$107,500 00 
270,000 00 

$377,500 00 
296,500 00 

$81,000 00 



Business in Massachusetts during 1888. 

Number. 

5,616 
349 



Policies in force at beginning of year, 
Policies written during 1888, . 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims unpaid Dec. 81, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



5,965 
400 



Amount. 

$17,441,000 00 
1,129,000 00 

$18,570,000 00 
1,182,000 00 



65 

18 
62 


$17,388,000 00 

$61,000 00 
178,000 00 


80 
66 


$239,000 00 
197,000 00 


11 


$42,000 00 



L888.] CASUALTY [NSURANCE COMPANIES. 199 

BERKSHIRE HEALTH AND ACCIDENT ASSOCIATION. BOSTON. 
[Incorporated <T:m. 16, 1886. Commenced business Feb. 7, L886.] 

R. A. Washburn, President. F. C. Hoffman, Secretary. 

Office, No. 28 School Street. 



[ncome during L888. 
Pot membership fees, 

animal dues, 

Assessments, 

medical examiner's fees paid by 

interest 



Total income, . 
Balance on hand \)w. 81, 1887, 



Total, 



applicant, 



f 1,997 00 
3,058 19 

4,108 02 

423 00 

35 00 

•9,621 51 
1,159 37 

§10,780 88 



DlSBURSl MENTS DURING 1888. 



For losses and claims 

salaries and commissions to agents, . 
salaries of officers and employees, 

medical examiner'- tec-. . 
rent and incidental-. . 
payments returned, . 

Total disbursements, 



Balance, 



f3,108 


03 


2,055 


76 


2,280 


38 


123 


00 


801 


90 


8 


57 







8,677 64 
$2,103 24 



Net or Invested Assets. 
Cost value of bonds deposited with State treasurer, 

Cash in bank, 

Interest accrued, 



Total net or invested assets, 



§1,025 46 
971 53 
106 25 

$2,103 24 



Total Business of 1888 



Policies in force at beginning of year, 
Policies written during 1888, 

Total, 
Policies ceased during 1888, 

Policies in force Dec. 31, 1888, 

Losses and claims incurred during 1888, 
Losses and claims paid during 1888, 



Number. 

535 
427 

962 
419 

543 

98 
98 



Amount. 



1,108 00 
5,108 00 



200 



ASSESSMENT LIFE AM) 



[Dec. 31, 



Business in Massachusetts during 1888. 

Number. 

481 
420 



Policies in force al beginning of year. 
Policies written during 1888, 



Total, 

Policies ceased during 1888, 
Policies in force Dec. 31, 1888, 



Losses and claims incurred during 1888, 
Losses and claims paid during 1888, 



901 
369 

532 
88 



Amount. 



$2,879 00 
$2,879 00 



BOSTON FRATERNAL ACCIDENT ASSOCIATION, BOSTON. 

[Incorporated Sept. 16, 1886. Commenced business and reorganized 1888.] 

Geo. E. McKay, President. Henry A. Bates, Secretary. 

Office, No. 165 Tremont Street. 

Income during 1888. 
For membership fees, . . . . ' . . . . $9,660 00 

For assessments, 4,250 00 

All other sources, 1,680 00 

Total income, $ 15,590 00 



Disbursements during 1888. 



For losses and claims, 

salaries and commissions to agents, 
salaries of officers and employees, 
medical examiner's fees, . 
rent and incidentals, . 
Total disbursements, 

Balance unaccounted for, 



$2,673 12 

9,660 00 

1,620 08 

121 00 

1,312 79 



15,386 99 
$203 01 



Total Business of 1888. 

[All in Massachusetts.] 

Policies written during 1888, . 

Policies ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims incurred during 1888, 
Losses and claims paid (luring 1888, 

Losses and claims unpaid Dec 31, . 



Number. 

2,000 
68 


Amount. 


1,932 

81 
73 


$2,998 00 
2,673 00 



$325 00 



1888.] CASUALTY INSURANCE COMPANIES. 201 

CHELSEA RESERVE FIND ASSOCIATION, CHELSEA. 
[Incorporated Feb 25, 1888. Commmoed business July 20, 1888.] 

Chables II. Ferson, President, Charles Lawton, Secretary. 



Income during I 

For membership fees 

expense ass< ssments 

medical examiner's fees paid by applicant, 
miscellaneous, ...... 



Total Income, , 



$376 


50 


•J is 


60 


156 


50 


2 


00 



$783 60 



Disbursements during i 



For payments returned to applicants, 
salaries and commissions to agents, 
Salaries of officers and employee-. 
medical examiner's fees, . 
rent and incidental-. . 
Total disbursements, 



Balance, 



u 


60 


l<) 


00 


. 135 


00 


. 156 


50 


. 249 


28 







555 28 



$228 32 



Net or Invested Assets. 

Cash in office, $28 32 

Cash deposits with State treasurer on emergency fund account, 200 00 

Total net or invested assets, $228 32 



Contingent Mortuary Assets (or Resources). 
Emergency fund assessments, called and not yet 



due, 



Deduct estimated cost of collection, 

Net amount due from members, 



$6 60 
60 



$6 00 



Total Business of 1888. 

[All in Massachusetts.] 

Policies written during 1888, 

Policies ceased during 1888, 



Number. Amount. 

246 $49,200 00 
14 2,800 00 



Policies in force Dec. 31, 



232 $46,400 00 



202 ASSESSMENT LIFE AND [Dec. 31, 

FRATERNAL ACCIDENT ASSOCIATION OF THE IMPROVED 
ORDER OF RED MEN OF AMERICA, CLINTON. 

[Incorporated July 11, 1888. Commenced business Dec. 15, 1888.] 

Christopher C. Stone, President. Edward G. Stevens, Secretary. 



Income during 1888. 

For membership fees, $1,375 00 

proceeds of note (borrowed money) , 550 00 

cash from directors, 28-4 79 

Total income, $2,209 79 



Disbursements during 1888. 

For salaries and commissions to agents, . . . $1,375 00 
salaries of officers and employees, . . . 9 00 

incidentals, 275 29 

Total disbursements, 1,659 29 



Balance, $550 50 



Net or Invested Assets. 

Cost value of bonds owned, $515 00 

Cash deposits on emergency or reserve fund account, . 35 50 



Total net or invested assets, $550 50 



Liabilities. 
Borrowed money, 550 00 



Balance, net assets, $0 50 

Total Business of 1888. 

[All in Massachusetts.] 

Number. Amount. 

Policies written during 1888, 277 

Policies ceased during 1888, 2 - 



Policies in force Dec. 81, 275 



1888.] CASUALTY [NSURANCE COMPANIES. 203 

HOME RELIEF ASSOCIATION, LYNN. 
[Incorporated Sept. 20; 1884. Commenced business Oct. 2'>, 1884.] 

John G. Buzzell, President. A. Justin Townsend, Secretary, 



Lncome during 1888. 
For membership fees, .... 
annual dues, ..... 

mortuary assessments, 

medical examiner's fees paid by applicant, 

interest 

borrowed money 

Total income, 

Balance on hand Dee. 81, 1887, 

Total, 



$2,7.°>0 00 

2,696 50 

12,832 22 

546 00 

44 96 

573 75 

$19,423 43 
3,133 05 



$22,556 48 



Disbursements during 1888 

For losses and claims ( L0 deaths), . 

Salaries and commissions to agents, 
salaries of officers and employees, 
medical examiner's fees, . 
repaid loans of 1886 and 1887, . 
incidentals, .... 

Total disbursements, 



Balance, 





T i.v,-xu-x 

2,843 


17 




2,079 


42 




601 


50 




759 


92 




1,842 


19 







18,530 64 

§4,025 84 



Net or Invested Assets. 

Cost value of bonds owned (with State treasurer), 
Cash in office, 

deposited on emergency or reserve fund account, . 

in bank, 



Total net or invested assets, . 



$1,108 75 


21 


71 


689 


08 


2,206 


30 



$4,025 84 



Interest due, 

Gross assets, . 



Xon-invested Assets. 



44 48 



t,070 32 



Liabilities. 
Losses adjusted, due and unpaid, 

Balance, net assets, 



2,000 00 
$2,070 32 



204 



ASSESSMENT LIFE AND 



[Dec. 31, 



Contingent Mortuary Assets (or Resources). 

Mortuary assessments, called and not yet due, $1,016 81 

Mortuary assessments, due and unpaid, . . 178 30 
Mortuary assessments, not yet called for losses 

unadjusted, 3,229 03 



$5,024 14 



Contingent Mortuary Liabilities. 

Losses adjusted, not j r et due (number of claims, 2), . . $2,000 00 

Losses in process of adjustment (number of claims, 2), . . 2,000 00 

Total contingent mortuary liabilities, .... $4,000 00 



Total Business of 1888. 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, .... 
Policies ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number 


Amount. 


1,173 


$1,245,000 00 


533 


533,000 00 



1,706 
97 



,778,000 00 
99,000 00 



1,609 $1,679,000 00 



2 
14 



16 
10 



6 



$2,015 00 
14,323 00 

$16,338 00 
10,338 00 

$0,000 00 



Business in Massachusetts during 1888. 



Policies in force at beginning of year, * 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, 1888, 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid (hiring 1888, 

Losses and claims unpaid Dec. 31, . 



Number. 

1,157 i 
533 



Amount. 

.,227,000 00 
533,000 00 



1,690 $1,760,000 00 
96 97,000 00 


1,594 $1,663,000 00 

2 $2,016 00 
14 14,323 00 


16 
10 


$16,339 00 
10,339 00 



6 $0,000 00 



L888.] CASUALTY [NSURANCE COMPANIES. 



205 



MASSACHUSETTS BENEFIT ASSOCIATION, BOSTON. 

[Incorporated Feb. S, 1878. Commenced business Oct. 13, 1879.] 

Wiu.AKi* Mak< v. President. Geo. A. Litchfield, Secretary. 

(Jffi<x, Albion UuililitKj, comer Beacon and Trcmont Streets. 

1\< OMB DURING 1888. 

For membership fees $34,039 51 

annual dues 63,996 00 

mortuary assessments, 682,389 08 

medical examiner's fees paid by applicant, . . . 3,454 00 

interest 9,797 16 

Total income $793,675 75 

Balance on hand Dec. 31, 1887, 211,906 29 

Total, $1,005,582 04 



DlSHCKSEMENTS DUHIMi 18SS. 



For losses and claims (177 deaths), . 
salaries and commissions to agents, 
salaries of officers and employees, 
medical examiner's fees, . 
all other items, .... 
Total disbursements, 



Balance, 



$603,100 62 

65,677 20 

15,995 98 

4,895 10 

18,299 19 



707,968 09 
$297,613 95 



Net or Invested Assets. 

Loans on mortgages, 

Cost value of bonds and stocks owned, . 

Bills receivable, secured, 

Cash in office, 

deposits on emergency or reserve fund account, 
in bank, 



Total net or invested assets, . 



$47,025 00 

67,562 50 

1,193 92 

7,968 90 

172,797 23 
1,066 40 

$297,613 95 



NON-INVESTED ASSETS. 



Interest accrued, 



1,984 53 



Gross assets, $299,598 48 



Contingent Mortuary Assets (or Resources). 
Mortuary assessments, not yet called for losses reported, . $209,258 00 



206 ASSESSMENT LIFE AND [Dec. 31, 

Contingent Mortuary Liabilities. 

Losses adjusted, not yet due (number of 

claims, 20), $72,110 00 

Losses in process of adjustment (number of 

claims, 19), 61,148 00 

Losses reported, not in process (number of 

claims, 10) 44,000 00 

Losses resisted (number of claims, 8) , . 32,000 00 

Total contingent mortuary liabilities, . $209,258 00 



Total Business of 1888. 

Policies in force at beginning of year, 

Policies written during 1888, 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, 1888, 

Losses and claims unpaid Dec. 31, 1887, . 
Losses and claims incurred during 1888, . 



Number. 

13,406 
4,576 


Amount. 

$48,977,000 
10,393,000 


17,982 
1,849 


$59,370,000 
6,255,000 


16,133 

51 
183 


$53,115,000 

$182,000 
660,000 


234 
177 


$842,000 
632,742 



Total, . . . . 
Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, , 57 $209,258 



Business in Massachusetts during 1888. 



Policies in force at beginning of year, 
Policies written during 1888, . 



Policies ceased during 1888, 
Policies in force Dec. 31, 1888, 

Losses and claims unpaid Dec. 31, 1887, . 
Losses and claims incurred during 1888, . 



Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . . . . 28 $95,048 



Number. 

9,307 

2,182 


Amount. 

$33,319,000 
4,441,000 


11,489 
892 


$37,760,000 
3,047,000 


10,597 

30 
123 


$34,713,000 

$107,000 
420,000 


153 
125 


$527,000 
431,952 



1888.] CASUALTY INSURANCE COMPANIES. 207 

MASSACHUSETTS MUTUAL ACCIDENT ASSOCIATION, 

BOSTON. 

[Incorporated Dec. 8, 1883. Commenced business Jan. 1, 1884.] 

Everett A. Stevens, President. George E. McNeill, Secretary. 

Office, No. 131 Devonshire Street. 



Income during 1888. 



For membership fees, 
annual dll< 



assessments, moi 

i icy, $286.00 
interest, 

renewals, . 
commissions uncalled for, . 
;i— laments on capital stock, 
miscellaneous, . 



tuary and indemnity. $6,509.00; 



Total income, . 
Balance on hand Dec. 31, 1887, 



Total, 



emer 



$3,362 00 


1,884 00 


6,795 00 


45 64 


1,846 00 


15 50 


340 00 


4 00 



$14,292 14 
2,039 10 

$16,331 24 



Disbursements during 1888. 



For losses and claims, 

salaries and commissions to agents, 
salaries of officers and employees, 
medical examiner's fees, . 
rent and. incidentals, . 
payments returned, . 
Total disbursements, 

Balance, 





$5,077 


72 




. 3,161 


00 




. 2,587 


45 




. 357 


75 




. 1,342 


83 




17 


45 









12,544 20 
$3,787 04 



Net or Invested Assets. 

Bonds deposited with State treasurer, 

Cash deposits on emergency or reserve fund account, 

Cash in bank, 

Total net or invested assets, .... 

Liabilities. 
Capital stock, 

Balance net assets, 



^2,042 50 

18 22 

1,726 32 

^3,787 04 



2,550 00 
51,237 04 



208 ASSESSMENT LIFE AND [Dec. 31 

Contingent Indemnity Assets (ok Resources). 



Indemnity assessments called and not yet due, 



$680 00 



Contingent Indemnity Liabilities. 
Losses in process oi" adjustment (number of claims, 3), 



$61 42 



Total Business of 1888. 



Policies in force at beginning of year. 
Policies written during 1888, . 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims unpaid Dec. 31, 1887, . 
Losses and claims incurred during 1888, . 



Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, , 



Number. Amount. 

904 $2,929,250 00 
696 2,103,250 00 


1,600 i 
594 


$5,032,500 00 
1,631,000 00 


1,006 $3,401,500 00 

4 $187 00 
96 4,952 00 


100 
97 


$5,139 00 
5,078 00 



$61 00 



Business in Massachusetts during 1888. 

Number. Amount. 

Policies in force at beginning of year, ... 832 $2,699,000 00 

Policies written during 1888, 499 1,415,750 00 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims unpaid Dec. 31, 1887, . 
Losses and claims incurred during 1888, . 



Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



1,331 
392 


$4,114,750 00 
935,750 00 


939 

4 
83 


$3,179,000 00 

$187 00 
4,015 00 


87 
85 


$4,202 00 
4,169 00 



$33 0Q 



1888.] CASUALTY INSURANCE COMPANIES. 209 

MASSAC III SKITS MUTUAL AID SOCIETY, FITCHBURG. 

[Incorporated Feb. 17, 1879. Commenced business March 27, 1879.] 

HENRY A. Goodrich, President. Festus C. Currier, Secretary. 

Income during 1888. 

For membership foes, $754 00 

annual dues, 2,037 00 

mortuary assessments, 60,824 20 

medical examiner's fees paid by applicant, . . . 101 00 

interest, 233 73 

Total income, ' $63,949 93 

Balance on hand l>oc. 31, 1887, 6,636 20 

Total, $70,586 13 

Disbursements during 1888. 

For losses and claims (30 deaths), . 
salaries and commissions to agents, 
salaries of officers and employees, 
medical examiner's fees, 
rent and incidentals, ... 
interest on deferred claim, . 

Total disbursements, . . . . 62,842 42 





$56,920 21 




3,798 71 




1,698 15 




101 00 




250 64 




73 71 



Balance, $7,743 71 



Net or Invested Assets. 

Securities in State treasury (emergency fund), $ 5,694 16 

Cash in bank (emergency fund), . . . 616 20 

Total emergency fund, .... $6,310 36 

Cash in bank, to general account, ...... 1,433 35 



Total net or invested assets, $7,743 71 



Liabilities. 
Losses adjusted, due and unpaid, . . . $6,000 00 

Total actual liabilities, .... 6,000 00 



Balance, net assets, $1,743 71 



210 ASSESSMENT LIFE AND [Dec. 31, 

Contingent Mortuary Liabilities. 
Losses resisted (number of claims, 1), $1,000 00 



Total Business of 1888. 

Number. Amount. 

Policies in force at beginning of j^ear, . . . 2,438 $4,438,000 00 
Policies written during 1888, 101 171,000 00 



Total 2,539 $4,609,000 00 

Policies ceased during 1888, 123 233,000 00 



Policies in force Dec. 31, 1888, 2,416 £4,376,000 00 

Losses and claims unpaid Dec. 31, 1887, ... 7 $14,000 00 

Losses and claims incurred during 1888, ... 28 50,000 00 



Total, 35 f 64,000 00 

Losses and claims paid during 1888, ... 31 57,000 00 



Losses and claims unpaid Dec. 31, ... 4 $7,000 00 



Business in Massachusetts during- 1888. 

Number. Amount. 

Policies in force at beginning of year, . . . 2,193 $3,946,000 00 
Policies written during 1888, ..... 97 162,000 00 



Total, 2,290 $4,108,000 00 

Policies ceased during 1888, 112 214,000 00 



Policies in force Dec. 31, 1888, . ■ 2,178 $3,894,000 00 

Losses and claims unpaid Dec. 31, 1887, ... 7 $14,000 00 

Losses and claims incurred during 1888, . . 27 49,000 00 



Total . . 34 $63,000 00 

Losses and claims paid during 1888, . . 30 56,000 00 



Losses and claims unpaid Dec. 31, . . 4 $ 7,000 00 



1SSS.J CASUALTY INSURANCE COMPANIES. 211 



MERCANTILE MUTUAL ACCIDENT ASSOCIATION, BOSTON. 

[Incorporated Jan. 4, 1881. Commenced business Jan. 24, 1881.] 

William B. Brown, President. William L. Wellman, Secrelari/ 

Office, No. IS Post Office Square. 

Income during 1888. 

For membership fees, $10,934 00 

annual dues 11,316 08 

assessments, disability, 125,088.18 ? expense, $938.70, . 26,02188 

interest, 224 67 

all other sources, 341 70 

Total income, $48,868 33 

Balance on hand Dec. 31, 1887, 7,351 11 

Total, $50,219 44 



Disr.rnsKMENTS during 1888. 



For losses and claims, 

salaries and commissions to agents, 
salaries of officers and employees, 
medical examiner's fees, . 
payments returned to applicants, 
rent and incidentals, . 
Total disbursements, 

Balance, .... 



|22,049 46 

10,127 25 
7,642 93 

1,061 30 

10 00 

3,031 55 



Net or Invested Assets. 
Bonds deposited with State treasurer, 

Cash in office, 

Cash in bank, 



Total net or invested assets, . 



Advance assessments, 

Total actual liabilities, 



Liabilities. 



43,922 49 



|12,296 


95 


$6,850 00 


2,101 


56 


3,345 


39 


$12,296 95 


|328 


65 



$328 65 



Contingent Mortuary Assets (or Resources), 

Mortuary assessments, called and not yet due, $4,200 00 

Mortuary assessments, due and unpaid, . . 1,000 00 
Mortuary assessments, not yet called for losses 

reported, 3,600 00 

Total due from members, . . . 



$,800 00 



212 



ASSESSMENT LIFE AND 



[Dec. 31, 



Contingent Mortuary Liabilities. 

Losses adjusted, not yet due (number of 

claims, 1), §5,000 00 

Losses in process of adjustment (number of 

claims, 25), 1,250 00 

Losses reported, not in process, . . . 6,250 00 

Losses resisted (number of claims, 2), . . 3,500 00 

Total contingent mortuary liabilities, . 



§16,000 00 



Total Business of 1888 

Policies in force at beginning of year, 
Policies written during 1888, .... 

Total, 

Policies ceased during 1888, .... 

Policies in force Dec. 31, 1888, .... 

Losses and claims unpaid Dec. 31, 1887, . 
Losses and claims incurred during 1888, . 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. Amount. 

3.665 §14,4-44,300 00 

2.666 6,809,500 00 



6,331 f21,253,800 00 
2,427 5,898,250 00 



3,904 $15,355,550 00 



1 
384 

385 
358 

27 



$2,000 00 
28,299 00 

§30,299 00 
22,049 00 



18,250 00 



Business in Massachusetts during 1888. 

Number. Amount. 

Policies in force at beginning of year, . . .3,111 §12,600,000 00 
Policies written during 1888, .... 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims incurred during 1888, . 
Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



2,198 5,685,000 00 



5,309 $18,285,000 00 
1,855 4,622,250 00 



3,454 §13,662,750 00 



231 
230 



$21,533 00 
16,533 00 

$5,000 00 



L888.] CASUALTY INSURANCE COMPANIES. 213 



NEW ENGLAND LIVE STOCK [NSURANCE COMPANY, BOSTON. 

[Incorporated April 12, 1888. Commenced business Oct. 13, 1888.] 

J. A. 1 1. vk wood, President. Everett S. Litchfield, Secretary. 

Office, No. 65 Phillips Building. 

Income during 1888. 



For membership fees, 
For mortuary assessments, 



Total income, 



Disbursements during 1888. 



For losses and claims, 

salaries and commissions to agents, 
salaries of officers and employees, 
medical examiner's fees, . 
rent and incidentals. . 
Total disbursements, 



Balance, . 



Net or Invested Assets 



$4,271 54 
899 45 

$5,170 99 



$200 00 




3,240 11 




330 40 




20 50 




321 76 






4,112 77 





$1,058 22 



Agents 1 ledger balances, . 

Cash in office, ..... 

Cash in bank, 

Total net or invested assets, . 
Less agents' balances unsecured, 

Total net or invested assets, . 



Contingent Mortuary Assets (or Resources). 
Mortuary assessments, called and not yet due, . $186 91 
Mortuary assessments, due and unpaid, . . . 117 18 
Mortuary assessments, not yet called for losses re- 
ported, 120 91 

Total due from members, ... 



Contingent Mortuary Liabilities. 
Losses in process of adjustment (number of claims, 3), 

Total Business of 1888. 

[All in Massachusetts ] 

Policies written during 1888, . 
Policies ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims incurred during 1888, 
Losses and claims paid during 1888, 

Losses and claims unpaid Dec 31, . 



. . $43 


26 


315 


90 


699 


06 


$1,058 


22 


43 


26 


$1,014 


96 



ES. 

> • 


$425 00 

$425 00 


Numbei 


Amount. 


590 


$98,326 00 


19 


3,355 00 


571 


$94,971 00 


4 


$625 00 


1 


200 00 



$425 00 



214 



ASSESSMENT LIFE AND 



[Dec. 31, 



NEW ENGLAND MUTUAL ACCIDENT ASSOCIATION, BOSTON. 

[Incorporated Feb. 29, 18S4. Commenced business March, 18S4.] 

AUGUSTUS P. Martin, President. Benj. F. Dyer, Secretary. 

Office, No. 85 Water Street. 

Income during 1888. 

For membership fees, $38,863 00 

annual and quarterly dues, 24,185 50 

assessments, mortuary, $48,922.95 ; expense, § 7,633.30, . 56,55G 25 

re-issue of certificates, 10 25 

interest, 400 00 

Total income, $120,015 00 

Balance on hand Dec. 31, 1887, 19,146 71 

Total, §139,161 71 



Disbursements during 1888. 



For losses and claims, 

salaries and commissions to agents, 
salaries of officers and employees, 
medical examiner's fees, . 
rent and incidentals, . 
joayments returned to applicants, 
Total disbursements, 



Balance, 



$41,731 98 

40,625 77 

13,413 79 

5,711 41 

9,806 95 

435 00 



111,724 90 

$27,436 81 



Net or Invested Assets. 
Cost value of bonds owned (deposited with State treasurer, 

$10,000), 
Agents' ledger balances, 
Cash in office, . 
Cash in bank, . 
Bills receivable, 

Total net or invested assets, 
Less agents" balances and bills receivable, 

Total net or invested assets, . 



,054 38 

2,085 68 

250 06 

4,867 19 

179 50 



$27,436 81 
2,265 18 

$25,171 63 



Non-invested Assets. 

Interest accrued, 

Market value of bonds and stock over cost, 
Total non-invested assets, 



$80 00 
178 12 



258 12 



Gross assets, 



$25,429 75 



L888.] CASUALTY INSURANCE COMPANIES. 215 



LlAi.ILITI: a 

£25 00 

-.ml office expense? due and accrued 1 - I 

Adi mceassessi UM 

All oiher 

tal actual liabil: s, .... 



• 



f2 :: :i 



tiaky Assets ELes 

asess ts called and! ae. 

•:uary assessments, not .ed for losses re- 

: \8t - 

ruary assessments, reported, ... I 50 
X tal due for nienibe: ... 



nt Mortuary Liabilities 

sported (number of claims, 69), . 

-ed (number of claims. 7k. . 15*500 00 
tal contingent mortuary liabilities, . . 



-". : " 



Total Business of l*>> 



Policies in force at beginning of y- 

:eu dur: _ ^. . 

Total 

Polk aed during 1888, 

Policies in f 

- id claims unpaid Dec. 1887, 
Losses :id claims incurred during 



Total 

nd claims paid during 1888, 

L 96 s and claims unpaid Dec 31, . 






Amount. 

.000 00 

_ 00 
... 00 



Business ix Massachusetts during 1888 



Policies in force at beginning of y 
Policies written during 1888, 



Total, 
Polio: sed during 1SS-S, 

Policies in force Dec. 31, 1888, 



Losses ind claims incurred during 1888, 
■nd claims paid during 1888, 



- -u 


"00 


3 


,000 00 


B 





00 


- 


-■-.-- - 


00 


' 


41." 2 




7 


?l--". ; 








yum- - 


Amount. 




>51 


- -00 


1,043 


75 


00 



5,394 
2,185 



(18*557 . 00 



eii. 



i' 



$14,012 00 
14,012 00 



210 



ASSESSMENT LIFE AND 



[Dec. 31, 



NEW ENGLAND MUTUAL AID SOCIETY, BOSTON. 

[Incorporated July 11, 1877. Commenced business May, 1878.] 

Augustus P. Martin, President. Benj. F. Dyer, Secretary. 

Office, No. 85 Water Street. 



Income during 1888. 



For membership fees, 
annual dues, 
mortuaiy assessments, 
interest, 



Total income, . 
Balance on hand Dec. 31, 1887, 



Total, 



$2,095 32 

7,644 55 

115,006 87 

675 56 

$125,422 30 
40,955 58 

$166,377 88 



Disbursements during 1888. 

For losses and claims (38 deaths), . 
salaries and commissions to agents, 
salaries of officers and employees, 
medical examiner's fees, . 
rent and incidentals, . 
fees and assessments returned, < 



Balance, 



2,094 94 




5,046 52 




469 00 




2,458 43 




41 94 






140,562 89 






$25,814 99 



Net or Invested Assets 

Cost value of bonds owned, 

Emergency fund in State treasury (par), . $12,500 00 

Agents 1 ledger balances, . 

Cash in office, .... 

Cash in bank, .... 

Total net or invested assets, 
Less agents 1 balances, 

Total net or invested assets, 



$20,644 37 


162 


86 


201 


91 


4,805 


85 



$25,814 99 
. 162 86 

$25,652 13 



Non-invested Assets. 

Interest accrued, 

Market value of bonds over cost, 

Gross assets, 



120 00 
393 13 



$26,165 26 



1888.] CASUALTY INSURANCE COMPANIES. 217 

Liabilities. 

Salaries, rents and office expenses due and 

accrued, $186 54 

Advance assessments, 356 30 

All other 1,500 00 

Total actual liabilities, .... $2,042 84 



Balance, net assets, 



$24,122 42 



Contingent Mortuary Assets (or Resources). 

Mortuary assessments, called and not yet due, £772 30 

Mortuary assessments, due and unpaid, . . 3,589 78 
Mortuary assessments, not yet called for losses 

unadjusted, 5,986 46 

Mortuary assessments, not yet called for losses 

reported 3,000 00 

Total due from members, . . . 



$ 13,348 54 



Contingent Mortuary Liabilities. 

Losses in process of adjustment (number of 

claims, 3), $15,000 00 

Losses reported, not in process (number of 

claims, 1), 3,000 00 

Total contingent mortuary liabilities, . 



$18,000 00 



Total Business of 1888. 



Number. Amount. 

Policies in force at beginning of year, . . . 1,910 $6,534,000 00 
Policies written during 1888, 170 339,000 00 


Total, 2,080 $6,873,000 00 

Policies ceased during 1888, 292 972,000 00 


Policies in force Dec. 31, 1888, .... 1,788 $5,901,000 00 

Losses and claims unpaid Dec 31, 1887, ... 8 $35,000 00 
Losses and claims incurred during 1888,. . . 34 119,000 00 


Total, 42 $154,000 00 

Losses and claims paid during 1888, ... 38 *136,000 00 


Losses and claims unpaid Dec. 31, 1888, ... 4 $18,000 00 





$13»,000 00 



218 



ASSESSMENT LIFE AND 



[Dec. 31 



Business in Massachusetts during 188S. 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 







Number. Amount. 

1,636 $5,525,500 00 
121 221,000 00 


1,757 $5,749,500 00 
219 712,000 00 


1,538 $5,007,500 00 

5 $23,000 00 
27 94,500 00 


32 $117,500 00 
29 102,500 00 


3 £15,000 00 



NEW ENGLAND RELIEF ASSOCIATION. 

[Incorporated July 6, 1881. Commenced business July 16, 1881.] 

Stillman B. Allen, President. Joseph A. Toruey, Secretary. 

Office, No. 31 Milk Street. 



Income during 1888. 
For membership fees, 

annual dues, 

mortuary assessments, .... 

medical examiner's fees paid by applicant, 

Total income, 

Balance on hand Dec. 31, 1887, 



Total, 



Disbursements during 1888. 



£113,000 00 

5,506 16 

6,180 22 

983 25 

3,962 34 



For losses and claims (41 deaths), . 
salaries and commissions to agents, 
salaries of officers and employees, 
medical examiner's fees, . 
rent and incidentals, . 
Total disbursements, 

Balance, 



Net or Invested Assets. 

Value of bonds owned (deposited with State treasurer), 

Cash in office, 

deposits on emergency or reserve fund account, 
in bank, 



Total net or invested assets, . 



$4,435 80 

10,903 65 

117,921 17 

880 00 

§134,140 62 
22,163 95 

$156,304 57 



129,631 97 
$26,672 60 



$11,426 00 

323 25 

12,700 00 
2,223 35 

$26,672 60 



1888.] CASUALTY INSURANCE COMPANIES. 219 

Contingent Mortuary Assets (ok Resources). 

Mortuary assessments, not yet called forlos 

adjusted $15,000 00 

Mortuary assessments, resisted, . . . 8,000 00 

Ne1 amount due from members, . . $23,000 00 



Contingent Mortuary Liabilities. 
Losses adjusted, not yet due (number of 

claims, 4) £15,000 00 

Losses resisted (number of claims, 2), . . 8,000 00 
Total contingent mortuary liabilities, . 



$23,000 00 



Total Business of 1888 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total 

Policies ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims unpaid Dec. 31, 1887, 
is and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. Amount. 

3,028 $7,913,000 00 
440 770,000 00 



3,408 $8,083,000 00 
430 1)77,000 00 



3,038 $7,706,000 00 

11 $29,800 00 
36 106,200 00 



47 $136,000 00 
41 113,000 00 



6 $23,000 00 



Business in Massachusetts during 1888. 

Number 

Policies in force at beginning of year, 
Policies written during 1888, . 






Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 



Amount. 

2,774 $6,258,500 00 
323 585,000 00 



3,097 $6,843,500 00 
354 826,500 00 



2,743 $6,017,000 00 

11 $29,800 00 
28 89,600 00 



39 $119,400 00 
33 96,400 00 



Losses and claims unpaid Dec. 31, 



6 $23,000 00 



220 



ASSESSMENT LIFE AND 



[Dec. 31, 



UNION MUTUAL BENEFIT ASSOCIATION, BOSTON. 

[Incorporated Dec. 24, 1879. Commenced business Jan. 10, 1880.] 

Nehemiah T. Merritt, President. Charles R. Folsom, Secretary. 

Office, No. 85 Devonshire Street. 

Income during 1888. 

For membership fees, . $ 526 00 

annual dues, 2,295 89 

mortuary assessments, 16,112 54 

medical examiner's fees paid by applicant, ... 80 00 

interest, 132 59 

Total income, |19,147 02 

Balance on hand Dec. 31, 1887, 6,583 30 

Total, $25,730 32 



Disbursements during 1888. 



For losses and claims (12 deaths), . 
salaries and commissions to agents, 
salaries of officers and employees, 
medical examiner's fees, . 
rent and incidentals, . 
Total disbursements, 



$15,442 27 




530 80 




3,351 02 




80 00 




752 79 







20,156 88 



Balance, 



►,573 44 



Net or Invested Assets. 

Cost value of bonds deposited with State treasurer, 

Cash in office, 

Cash deposits on emergency or reserve fund account, 
Interest on bonds, 



Total net or invested assets, . 



$2,583 


37 


536 


95 


2,146 


87 


306 


25 



$5,573 44 



Non-invested Assets. 



Interest accrued, 

Gross assets, 



7 29 



$5,580 73 



Contingent Mortuary Liabilities. 
Losses adjusted, not yet due (number of claims, 1), 



f2,000 00 



1888.] CASUALTY INSURANCE COMPANIES. 221 

Total BUSINESS OF 1888. 

Number. Amount. 

Policies in force at beginning of year, .... 607 $1,490,000 00 
Policies written during 1888, 80 95,000 00 



Total 

Politics ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 



Total, 



Losses and claims paid during 1888 (by cash, $ 15,442 
by discount, f 16,558), . 



Loans and claims unpaid Dec. 31, 



747 


$1,585,000 00 


67 


193,500 00 


680 $1,391,500 00 


1 


$2,000 00 


12 


32,000 00 



13 $34,000 00 
12 32,000 00 



$ 2,000 00 



Business in Massachusetts during 1888. 

Number. 

667 
80 



Policies in force at beginning of year, 
Policies written during 1888, . 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims unpaid Dec 31, 1887, . 
Losses and claims incurred during 1888, . 



Total, 

Losses and claims paid during 1888 (by cash 
by discount, f 16,558), .... 

Losses and claims unpaid Dec. 31, . 



$15,442 ; 



747 
67 



Amount. 

.,490,000 00 
95,000 00 

I ,585,000 00 
193,500 00 



680 $1,391,500 00 



1 

12 



13 
12 



$2,000 00 
32,000 00 

$34,000 00 

32,000 00 

$2,000 00 



ASSESSMENT LIFE AND CASUALTY 
INSURANCE COMPANIES 

OF OTHER STATES. 



ABSTRACTS OF ANNUAL STATEMENTS, DEC. 31, 1888. 



223 



SUMMARY OF STATEMENTS RECEIVED. 



"BANKERS 1 LIFE ASSOCIATION," ST. PAUL, MINNESOTA. 

[Incorporated and commenced business Aug. 6, 1 

Russell R. Dors, President, Douglass Putnam, Secretary. 



Income during 1888. 




For membership IV 


2,291 88 


annual du< 


27,653 04 


mortuary assessments 


76,277 39 


interest, 


7 06 


advance- to agents repaid, 


27 38 


guaranty trust fund (reserve), 


17,690 45 


Total income 


\1 17 20 


Balance on hand Dec. 31, 1887, 


153,594 45 


Total, 


2,741 65 


Disbursements during 1888. 




For losses and claims, |92,937 00 




salaries and commissions to agent-. . 7,806 84 




salaries of officers and employees, . . 17,059 47 




medical examiner's fees, .... 00 




rent and incidental- .... 4.725 66 




T'z-vf .-> 1 <U .'lMii^nmiint.-' 


124,584 97 


JLUltll W15UUI 5CLUC11 15, .... " 




|168,156 68 


Net or Invested Assets. 




Cost value of bonds owned (emergency fund), 


$154,519 47 


Cash in office, . 


322 80 


Cash in bank, 


13,314 41 


Total net or invested asset- 


|168,156 68 


Non-invested Assets. 




Interest accrued, §20 00 




Guaranty trust fund notes not due, .... 20,096 25 




Entrance jjremiurns in process of collection, . . 355 67 




Market value of bonds over cost, .... 4,230 53 




Totil nnn invo^fpfl i^^ot- 


24,702 45 






§192,859 13 



225 



226 ASSESSMENT LIFE AND [Dec. 31 

Contingent Mortuary Assets (or Resources). 

Mortuary assessments, called and not due, . $29,866 21 

Mortuary assessments, nol yet called for losses 
paid, f 10,000; resisted, $6,000; reported, 
|10,000, 26,00Q 00 



Total due from members, . . . $55,866 21 
Deduct estimated cost of collection, . . . 500 00 

Net amount due from members, . . $55,366 21 



Contingent Mortuary Liabilities. 
Losses in process of adjustment (number of 

claims, 1), $2,000 00 

Losses reported, not in process (number of 

claims, 6), 12,000 00 

Losses resisted (number of claims, 1), . . . 6,000 00 

Total contingent mortuary liabilities, . . $20,000 00 



Total Business of 1888. 

Number. Amount. 

Policies in force at beginning of year, . . . 4,278 §8,556,000 00 
Policies written during 1888, 699 1,398,000 00 



Total, 4,977 $9,954,000 00 

Policies ceased during 1888, 180 360,000 00 



Policies in force Dec. 31, 4,797 $9,594,000 00 

Losses and claims unpaid Dec. 31, 1887, ... 4 $18,225 00 

Losses and claims incurred during 1888, ... 32 82,712 00 



Total, 36 $100,937 00 

Losses and claims paid during 1888, ... 34 92,93700 



Losses and claims unpaid Dec. 31, ... . 2 $8,000 00 



Business in Massachusetts during 1888. 

Number. Amount. 

Policies in force at beginning of year, ... 66 §132,00000 

Policies written during 1888, 45 90,000 00 



Total, Ill $222,000 00 

Policies ceased during 1888, 24 48,000 00 



Policies in force Dec 81, 87 $174,000 00 



L888.] CASUALTY INSURANCE (COMPANIES. 227 



OTENANT MUTUAL BENEFIT ASSOCIATION OF ILLINOIS," 
GALESBURG, ILLINOIS. 

[Incorporated Jan. 9, 1877. Commenced business Jan. 9, 1877.] 

A. W. BerqgreNj President. E. F. Phelps, Secretary. 



Income during 1888. 
For membership fees, .... 

annual duos, 

mortuary asst ssments, 

medical examiner's fees paid by applicant, 

interest 

restorations, etc., .... 
advance assessments 



Total income, . 

Balance on hand Dec. 81, l s>> 7. 



Total, 



$26,705 82 

70,000 13 

723,613 7:5 

t,897 00 

9,564 75 

11,902 88 

41,774 68 

|888,449 29 
315,354 94 

11,203,804 28 



Disbursements during 

For Losses and claims (212 deaths),. 
advance deposits, etc., 
salaries and commissions to agents, 

salaries of officers and employees, 
medical examiner's fees, . 
advertising, rent and taxes, 
postage, travelling expenses, etc., 
Total disbursements, 



Balance, $381,815 16 



1888. 

35,576 29 

46,885 64 

25,497 69 

36,044 71 

4,897 00 

6,358 80 

16,728 94 



821,989 07 



Net or Invested Assets 

Cost value of bonds owned, 
Agents' ledger balances, . 
Cash in bank, .... 

Total net or invested assets, 
Less agents' balances, 

Total net or invested assets, 



$313,607 12 

2,979 41 
65,228 63 

§381,815 16 
2,979 41 

§378,835 75 



Non-invested Assets. 
Market value of bonds over cost, 
Postage stamps, 
Furniture and fixtures, 
Books, blanks and stationery, . 
Mailing machine, type, etc., 

Gross assets, . 



$168 53 

2,657 56 

750 00 

4,920 33 



3,892 88 



§382,728 63 



228 



ASSESSMENT LIFE AND 
Liabilities. 



Advanc 

Balance, net assets, 



[Dec. 31, 

$15,656 94 
. |367,071 69 



Contingent Mortuary Assets (or Resources). 
Mortuary assessments, called and not yet due, $ 90,000 00 
Mortuary assessments, not yet called for losses 
unadjusted. |50,000 ; resisted, |23,125; and 

reported, f86,875, 160,000 00 

Total due from members, . . . 



$250,000 00 



Contingent Mortuary Liabilities. 

Losses adjusted, not yet due (number of 

claims, 30), $90,000 00 

Losses in process of adjustment (number of 

claims, 15), 50,000 00 

Losses reported (number of claims, 30), . 86,875 00 

Losses resisted (number of claims, 8), . . 23,125 00' 

Total contingent mortuary liabilities, . £250,000 00 



Total Business of 1888 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, . . . . 
Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaAl Dec. 31, . 



Number. Amount. 

27,282 $75,760,625 00 
4,340 10,678,125 00 

31,622 $86,438,750 00 
2,615 7,311,875 00 

29,007 £79,126,875 00 



64 
261 

325 
*242 



$180,576 00 
755,000 00 

$935,576 00 
685,576 00 



83 $250,000 00 



Business in Massachusetts during 1888. 

Number. 

95 
224 



Policies in force at beginning of year, 
Policies written during Inns, . 



Total, 

Poli< ies ceased during 1888, 

Policies in force Dec. 31, . 

es and claims incurred during 1888, 
Losses and claim- paid during 1888, 



319 
21 



Amount. 

1283,125 00 
565,625 00 

|848,750 00 

60,000 00 



298 $788,750 00 



81,250 00 
1,250 00 



* Two claims settled in court. Two claim* expired by limitation. 



L888.] CASUALTY INSURANCE COMPANIES. 229 
"FIDELITY MUTUAL LIFE ASSOCIATION," PHILADELPHIA. 

[Incorporated Deo. 2, 1S78. Commenced business -Tan. 1, 1^79.] 

L. (i. Fouse, /' W, s. Campbell, Secretary. 



[ncome during 1888. 
For membership fees, ..... 

annual dues, ...... 

assessments, mortuary, $202,737.39 ; expense, $7,396.19, 
medical examiner's lees paid by applicant, 

interest and rent, 

sundries, 



Total income, . 
Balance on hand Dee. 81, l" v 7. 



Total, 



$26,557 

-7,100 96 

210,183 58 

6,066 00 

9,760 24 

590 7<> 

$840,208 98 

107,610 52 

$447,819 50 



Disbursements during 
For Losses and claims (52 deaths), . 

advanced payments returned to applicant-, 
salaries and commissions to agents, , 
salaries of officers and employees, 
medical examiner's fees, . 
rent, advertising, printing, el 
legal expenses, furniture, etc., . 

incidentals 

Total disbursements, 



Balance, 



1888. 

si 23,950 00 

2,459 02 

56,694 67 

89,118 13 

7,616 00 

19,994 76 

9,366 72 

12,478 21 



Net or Invested Assets. 

Cost of real estate, . 

Loans on mortgages, 

Cost value of bonds and stocks 

Agents' ledger balances, . 

Cash in office, . 

Bills receivable, 

Cash deposits on emergency or 

Printing machinery, . 

Loans on renewal interest, 



owned, 



reserve fund account, 



Total net or invested assets, 
Less agents' balances, 
bills receivable, 
printing machinery, . 



§10,382 22 
2,687 43 
1,480 84 



271,072 51 
$176,146 99 



841,144 93 

62,542 54 

4,800 00 

10,382 22 

617 49 

2,687 43 

17,751 46 

1,480 84 

34,740 08 

8176,146 99 



14.550 49 



Total net or invested assets, . 



§161,596 50 



230 



ASSESSMENT LIFE AND 
Non-invested Assets. 



[nteresi accrued, 19 66 

Market value of real estate over eost and 

incumbrances, 28,855 07 

Markel value of bonds and stock over eost, . 1,040 00 

Total non-invested assets, . . . . 

Gross assets, 



[Dec. 31, 



$ 30,764 73 



192,361 23 



Liabilities. 






Salaries, rents and office expenses due and 






accrued, 


$1,931 77 




Advance assessments, 


8,287 88 




Total actual liabilities, .... 




10,219 C5 




Balance, net assets, .... 


$182,1-41 58 



Contingent Mortuary Assets (or Resources). 
Indemnity reserve, §537,473 00 



Contingent Mortuary Liabilities. 

Losses in process of adjustment (number of 

claims, 3), $13,166 66 

Losses reported, not in process (number of 

claims, 23), 43,500 00 

Total contingent mortuar}- liabilities, . 



%56,()M 66 



Total Business of 1888 

Policies in force at beginning of year, 
Policies written during 1888, .... 

Total, 

Policies ceased during 1888, .... 

Policies in force Dec. 31, 

Losses and claims unpaid Dec. 31, 1887, . 
Lossc- and claims incurred during 1888, . 

Total, 

and claims paid during 1888, 

Lossc- and claims unpaid Dec. 31, . 



Number. Amount. 

6,554 $15,438,350 00 
3,586 7,495,500 00 



10,140 $22,938,850 00 
1,122 2,817,600 00 



9,018 $20,116,250 00 



1 

77 

78 
52 



^6,m 66 
173,950 00 

^180,616 66 
123,950 00 



26 $56,666 66 



3.] CASUALTY INSURANCE COMPANIES. 231 



Business in Massachusetts during 1888. 

N amber. 

Policies in force at beginning of year, 
Policies written daring L888, . 



Total, ....... 

Policies ceased daring 1888, 

Policies in force Dec. 31, . 

Losses and claims incurred daring 1888, 

Losses and claims paid during - L888, 



Amount. 

77 |213,000 00 
342,500 00 



132 



209 $555,500 00 
1-4 38,000 00 



195 


|517,500 00 


2 


$6,000 00 


2 


6,000 00 



"HARTFORD LIFE AND ANNUITY INSURANCE COMPANY, 11 

HARTFORD, CONN. 

[Incorporated May, 1866. Commenced lmsiness (as an assessment company) January, 1880 ] 

Frederick R. Foster, President Stephen Ball, Secretary. 

Income during 1888. 

For membership fees, 1,125 00 

animal dues, 168,677 53 

essroents, mortuary, $662,897.63 ; expense, |18,165.16, 676,062 79 

medical examiner's fees paid by applicant, . . . 6,466 00 

interest, 12,650 69 

accumulated safety fund, 78,117 40 

sundries, 51 31 

Total income, $996,150 72 

Balance on hand Dec. 31, 1887, 660,245 84 

Total, $1,656,396 56 



Disbursements during 1888. 



For losses and claims (214 deaths), . 

dividends to members from safet}* fund, 
salaries and commissions to agents, . 
salaries of officers and employees, . 
medical examiner's fees, . 
rent, taxes, advertising and printing, 
postage, legal and travelling expenses, 
stockholders 1 dividends, 
Total disbursements, 



$648,597 00 

14,668 72 

114,936 45 

37,477 01 

13,600 25 

17,752 73 

23,739 22 

20,000 00 



890,771 38 



Balance, $765,625 18 



232 



ASSESSMENT LIFE AND 



[Dec. 31, 



Net or Invested Assets. 
Loans on mortg 

Cost value of bonds and stock owned, 

Cash in office, .... 



deposits on accumulated safety 
in bank, .... 

Total net or invested assets, 
L< ss depreciation, 



Total net or invested assets, 




£7,800 00 

68,470 25 

1,672 00 

653,879 13 
38,803 80 

$765,625 18 
4,935 25 

$760,689 93 



Interest accrued, 



Non-invested Assets. 



555 61 



Gross assets, £761,245 54 



Liabilities. 
Losses adjusted, due and unpaid, 
Taxes due and accrued, . 
Advance assessments, 
Accumulated safety fund, 

Total actual liabilities, 

Balance, net assets, 



£20,000 00 

9,003 66 

20,274 00 

653,879 13 



703,156 79 
£58,088 75 



Contingent Mortuary Assets (or Resources). 

Mortuary assessments, due and unpaid, . . $ 14,997 37 

Mortuary assessments, not yet called for losses 

unadjusted, 178,700 00 

Mortuary assessments, resisted, $58,000 ; re- 
ported, $2,000, 60,000 00 



Total due from members, 



$253,697 37 



Contingent Mortuary Liabilities. 

Losses in process of adjustment (number of 

claims, 49), $178,700 00 

Losses reported (number of claims, 1), . . 2,000 00 

Losses resisted (number of claims, 12), . . 58,000 00 

Total contingent mortuary liabilities, . 



Total Business of 1888 



Policies in force at beginning of year, 

Policies written during 1888, . 

Total 

Policies ceased during 1888, 

Policies in force Dec. 31, . 



$238,700 00 



Number. Amount. 

21,995 $57,015,500 00 
4,872 10,935,000 00 



26,867 $67,950,500 00 
2,510 6,281,500 00 



24,357 $61,669,000 00 



L888.] CASUALTY INSURANCE COMPANIES. 233 



Number. Amount. 

Losses and claims unpaid Dec. 31, 1887, ... 54 $169,500 00 

Losses and claims incurred during 1888, . . . 224 737,797 00 



Tola! 

sea and claims paid during 1888, 

36S and claims unpaid Dec. 81, . 



278 $907,297 00 

214 648,597 00 



64 $258,700 00 



Business in Massachusetts during ] 

Policies in force at beginning of year, 
Policies written during 1888, . 

Total 

Policies ceased during 1888, 

Policies in force Dee. 31, .... 

Losses and claims incurred during 1888, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 81, . 



Number. 

604 
192 


Amount. 

$1,301,000 00 
391,000 00 


796 

95 


$1,692,000 00 
182,000 00 


701 

5 
3 


$1,510,000 00 

$10,000 00 
5,000 00 


2 


$5,000 00 



"HOME BENEFIT ASSOCIATION," NEW YORK. 

[Re-incorporated 1883. Commenced business Jan. 30, 1882.] 

William A. Camp, President. Eugene A. Baker, Secretary. 



Income during 1888. 

For membership fees, 

annual dues, 

assessments, mortuary, $123,497.56 ; expense, $13,810.38 

medical examinees fees paid by applicant, 

interest and rent, .... 

advances to agents repaid, 

sale of old furniture, .... 



Total income, . 
Balance on hand Dee. 31, 1887, 



Total, 



$28,472 00 

8,124 36 

137,307 94 

255 00 

1,421 29 

1 50 

308 50 

$175,890 59 

50,795 21 

$226,685 80 



Disbursements during 1888. 

For losses and claims (33 deaths), . . . $102,445 18 

salaries and commissions to agents, . . 34,294 48 

salaries of officers and employees, . . 19,661 58 

medical examiner's fees, .... 2,284 76 



234 



ASSESSMENT LIFE AND 



[Dec. 31, 



For rent, taxes, advertising and printing, 
advances to officers and agents, 
office furniture and incidentals, 
Total disbursements, 



Balance, 



$6,S17 07 
1,958 45 
8,108 43 



Net ok Invested Assets. 

Loans on mortgages, 

Cost value of bonds owned, ..... 

Agents 1 ledger balances, 

Cash in office, 

deposits on emergency or reserve fund account, 
in bank, 



Total net or invested assets, . 
Less agents 1 balances, 

Total net or invested assets, . 

Non-invested Assets. 



Interest accrued, 



1175,569 95 

851,115 85 

$18,000 00 
1,000 00 
3,166 01 
3,148 39 
23,047 82 
2,753 63 

$51,115 85 
3,166 01 

|47,949 84 



104 91 



Gross assets, $48,954 75 

Contingent Mortuary Assets (or Resources). 

Mortuary assessments, called and not yet due, $16,819 46 
Mortuary assessments, due and unpaid, . . 3,385 65 
Mortuary assessments, not yet called for losses 
unadjusted, $26,000; resisted, $44,000; re- 
ported, $16,000, 



Total due from members, ' . 
Deduct estimated cost of collection,. 
Net amount due from members, 



86,000 00 

$106,205 11 
1,062 05 



§105,143 06 



Contingent Mortuary Liabilities. 

Losses adjusted, not yet due (number of 

claims, 1), $5,000 00 

Losses in process of adjustment (number of 

claims, 7), 26,000 00 

Losses reported (number of claims, 3), . . 16,000 00 

Losses resisted (number of claims, 9), . . 44,000 00 

Total contingent mortuary liabilities, . 



$91,000 00 



Total Business of 1888. 
Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 



Number. Amount. 

4,573 $13,069,169 00 
1,681 4,257,000 00 



6,254 |17,326,169 00 
2,50 L 5,853,669 00 



3,753 $11,472,500 00 



B.] CASUALTY INSURANCE COMPANIES. 235 



and claims unpaid Dec. 81, 1887, . 
- and claim-; incurred daring 1888, 

Total 

Lo and claims paid daring 1888, 

'lis unpaid Dec. 81, . 



Number. Amount. 

11 |41,013 
42 152,432 



88 



$91,000 00 



Business in - Massachusetts during 1888 

Number. Amount. 

Policies in force at beginning of year, . . . 121 '5,000 00 

Policies written daring 1888, .... 40 1 2 7, 000 00 



Total 

Policies ceased dori 



Policies in force Dec. 81, 1888,. 

Losses and claims unpaid Dec. 81, 1887, . 

I. — - and claims incurred daring 1888, . 

Total 

Eind claims paid daring 1888, 

md claims unpaid Dec. 31, . 



161 

14 


$622,000 00 
66,000 00 


147 

2 
3 


$556,000 00 

$8,000 00 
13,0 


5 

4 


14,300 00 



00 



"LIFE AND RESERVE ASSOCIATION OF BUFFALO, N. Y." 

BUFFALO. N. Y. 

[Incorporated Feb. 5, 1SS3. Commenced business March 3, 1S53.] 

J. W. Woodruff, Pn W. C. Dutcheb, Secretary. 

Income during 1888. 

For membership fees, 615.554 00 

annual dues 6,860 00 

assessments, mortuary, 643.220.37 ; expense, $4,338.01, . 47,559 2^ 

assessments for reserve, 39,266 12 

medical examiner's fees paid by applicant, . . . 4,362 00 

inters 2.316 11 

Total income, 8115,917 51 

Balance on hand Dec. 31, 1887 37,722 27 

Total, £153,639 78 



236 



ASSESSMENT LIFE AND 



[Dec. 31, 



Disbursements during 
For losses and claims (27 deaths), . 
advance payments returned, . . 
salaries and commissions to agents, 
salaries of officers and employees, 
medical examiner's fees, . 
rent, taxes, advertising and printing, 
postage and incidentals, 
Total disbursements, 

Balance, 



1888. 

$17,150 00 

2,165 00 

11,666 95 

15,290 55 
4,362 00 
2,462 83 
4,184 21 



$87,281 54 
166,358 24 



Net or Invested Assets. 

Loans on mortgages (reserve fund), .... 

Agents 1 ledger balances, 

Cash in office, 

Cash deposits on emergency or reserve fund account, 
Notes and bills receivable, 

Total net or invested assets, 

Less agents' balances unsecured, . . . $3,044 43 

Less bills receivable, 5,926 28 



Total net or invested assets, . 



$34,245 00 

G,088 86 

3,164 51 

16,933 59 

5,926 28 

§60,358 24 



8,970 71 
$57,387 53 



Non-invested Assets. 
Safes, furniture and fixtures, .... §1,415 78 



Liabilities. 
Losses adjusted, due and unpaid, . . . $2,000 00 

Salaries, rents and office expenses due and 

accrued, 3,392 26 

Advance assessments, $23.80 ; dividend obliga- 
tions, $7,776.49, • . 7,800 29 

Total actual liabilities, .... 

Balance, net assets, 



13,192 55 

$41,194 98 



Contingent Mortuary Assets (or Resources), 



Mortuary assessments, called and not yet due, 
Mortuary assessments, not yet called for losses 

unadjusted, $6,000; resisted, $1,955.36; 

reported, $9,000, 

Total due from members, 

Deduct estimated cost of collection, . 

Net amount due from members, . 



$19,814 00 



16,955 36 

$86,769 86 

2,856 98 



(33,912 38 



L888.] CASUALTY INSURANCE COMPANIES. 237 



Contingent Mortuary Liabilities. 
I .osses adjusted, do! yet due (number of claims, 5), $9,000 00 
res in process of adjustment (number of 

claims, I) 6,000 00 

Losses resisted (number of claims, 1), . . 1,955 36 
Total contingent mortuary liabilities, . 



$16,955 36 



Total BUSINESS OF 1888. 
Policies in force at beginning of year, 
Policies written during L888, 

Total, 

Policies ceased during 1888, 

Policies in force l>ec. 31, . 

sea and claims unpaid Dec. 31, 1887, 
L< 3ses and claims incurred during 1888, 

Total 

Losses and claims paid during 1888, 

Li SSes and claims unpaid Dec. 31, . 



Business an Massachusetts during 1888. 

Number 
Policies in force at beginning of year, 
Policies written during 1888, . 



Number. Amount. 

5,585 #5,585,000 00 
3,038 3,038,000 00 



8,62:5 ft 8,628,000 00 

2,426 2,426,000 00 



6,197 $6,197,000 00 



Total, . 
Policies ceased during I 

Policies in force Dec. 81, . 



19 


$17,750 


00 


44 


48,355 


36 


68 


$66,105 36 


52 


47,150 


00 


11 

8. 

er. 


$18,955 

Amount. 


36 


9 


$9,000 00 


35 


135,000 


00 



144 $144,000 00 
69 69,000 00 



75 $75,000 00 



"THE MUTUAL BENEFIT LIFE ASSOCIATION OF AMERICA," 

NEW YORK. 

[Incorporated Doc. 20, 1S82. Commenced business Jan. 19, 1883.] 

Edward Henry Kent, President. Theodore C. Landmesser, Secretary. 



Income during 1888. 
For membership fees, including medical examination, 



annual dues, 

mortuary assessments, 

interest, 

advance assessments, . 

borrowed money, . 



Total income, . 
Balance on hand Dec. 31, 1887, 

Total, . 



$27,353 00 
71,294 40 

309,311 42 

3,624 62 

10,238 10 

25,000 00 



$446,821 54 
137,398 50 

$584,220 04 



238 



ASSESSMENT LIFE AND 



[Dec. 31, 



Disbursements during 1888. 



For losses and claims (53 deaths), . 

salaries and commissions to agents, . 
salaries of officers and employees, . 
medical examiner's fees, . 
rent, taxes, advertising and printing, 
advanced to agents, .... 
advance assessments applied, . 
postage and incidentals, 
Total disbursements, 



Balance, 



§252,650 00 
48,36-4 16 
32,063 94 

3,802 25 
15,776 96 

4,617 62 
10,105 83 
22,733 66 



$390,114 42 
$194,105 62 



Net or Invested Assets. 

Agents' ledger balances, .... 

Cash in office, 

deposits on emergency or reserve fund account, 
in bank, 

Total net or invested assets, . 
Less agents 1 balances, .... 

Total net or invested assets, . 



§3,707 00 

2,302 88 

168,588 85 

19,506 89 

§194,105 62 
3,707 00 

§190,398 62 



Non-invested Assets. 



Office furniture, 



$ 10,000 00 



Liabilities. 
Losses adjusted, due and unpaid, 
Rents and office expenses, due and accrued, 

Borrowed money, 

Advance assessments, .... 
Commissions due agents, .... 
Total actual liabilities, . 

Balance net assets, .... 



§200 00 

4,092 95 

25,000 00 

1,928 42 

2,042 24 



33,263 61 
$157,135 01 



Contingent Mortuary Assets (or Resources). 

Mortuary assessments, called and not yet due, $2,593 41 

Mortuary assessments, due and unpaid, . . 513 15 

Mortuary assessments, not yet called for losses 
unadjusted, $71,000; resisted, $30,000; and 
reported, §10,000, 111,000 00 



Total due from members, 

Deduct estimated cost of collection, 

Net amount due from members, 



$114,106 56 
1,141 06 



$112,965 50 



1888.] CASUALTY INSURANCE COMPANIES. 



239 



Contingent Mortuary Liabilities. 
jes in process ol adjustment (number of 

claims, L4) $71,000 00 

- reported, not in process (number of 

claims, t) 10,000 00 

Losses resisted (number of claims, \), . . 30,000 00 

Total contingent mortuary liabilities, 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 81, 1887, 
ml claims incurred during 1888, 

Total, 

1 ssec and claims paid during l vv ^. 

I. - and claims unpaid Dec. 81, . 



§111,000 00 



Total BUSINESS OF 1888. Number 

Policies in force at beginning of year, 
Policies written during 1888, 



Amount. 

..,752,000 00 
1,772 4,429,000 00 



7,638 628,181,000 00 
1,476 0,892,800 00 



6,1 G2 |22,288,200 00 



22 
51 



fl t6,500 00 

217,350 00 

$363,850 00 

252,650 00 

20 1111,200 00 



73 
58 



Business in Massachusetts during 1888. 

Number. Amount. 

Policies in force at beginning of year, ... 14 $38,000 00 

Policies written during 1888, 55 75,500 00 



Total, 
Policies ceased during 1888, 

Policies in force Dec. 31, . 



69 f 113,500 00 

12 50,000 00 



57 $63,500 00 



'•MUTUAL RESERVE FUXD LIFE ASSOCIATION,' 1 NEW YORK. 

[Re incorporated 1883. Commenced business Feb. 9, 1881.] 

Edward B. Harper, President. Frederic T. Braman, Secretary. 



Income during 1888. 
For membership fees, .... 

annual dues, 

mortuary assessments, 

medical examiner's fees paid by applicant, 

interest, 

all other sources, .... 



Total income, . 
Balance on hand Dec. 31, 1887, 

Total, . 



$129,481 35 

349,888 28 

2,142,358 46 

32,220 00 

57,261 64 

604 35 

12,711,814 08 

1,472,200 49 

$4,184,014 57 



240 



ASSESSMENT LIFE AND 



[Dec. 31, 



Disbursements during 1888. 



For losses and claims (426 deaths), . 
salaries ami commissions to agents, 
Balaries of officers and employees, 
medical examiner's fees, . 
rent, taxes and printing, . 
adjustment expenses, 
incidentals, 

payments and deposits repaid, 
Total disbursements, 

Balance, .... 



11,582,832 23 

315,473 81 
108,492 25 
38,513 56 
83,000 05 
40,601 45 
54,762 43 
7,084 98 



£2,230,260 76 
$1,953,753 81 



Net or Invested Assets. 

Loans on mortgages, $1,496,000 00 

Cost value of bonds owned, 1,000 00 

Agents 1 ledger balances, secured, and premiums in course of 

collection, 68,482 75 

Cash in office, 13,588 76 

deposits on emergency or reserve fund account, . . 304,642 31 

in bank, 62,662 35 

Furniture and fixtures, 7,377 64 

Total net or invested assets, $1,953,753 81 

Less furniture and fixtures, 7,377 64 

Total net or invested assets, £1,946,376 17 

Non-invested Assets. 

Interest due, £975 00 

Interest accrued, 15,971 48 

Total non-invested assets, .... 16,946 48 

Gross assets, £1,963,322 65 

Liabilities. 

Advance assessments, $7,515 53 

Dividend obligations, 286,004 48 

Total actual liabilities, .... 293,520 01 

Balance, net assets, $1,669,802 64 

Contingent Mortuary Assets (or Resources). 
Mortuary assessments, called and not yet due, $730,813 04 
Mortuary assessments, due and unpaid, . . 86,886 36 

Total due from members, . . . £817,699 40 
Deduct estimated cost of collection,. . . 46,108 19 

Net amount due from members, . . $771,591 21 



1888.] CASUALTY INSURANCE COMPANIES. 241 



Contingent Mortuary Liabilities. 
•s adjusted, not yet due (number of 

claims, 68), $ 234,650 00 

168 in process of adjustment (number of 

claims, 58), 238,900 00 

Losses resisted (number of claims, 5),* . . 23,000 00 

Total contingent mortuary liabilities, . 



$496,550 00 



Total Business of 1888. 



Policies in force at beginning of year, 
Policies written during 1888, . 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 



Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. Amount. 

42,625 $156,554,100 00 
12,124 37,906,800 00 



54,749 
7,056 


1194,460,900 00 

25,558,050 00 


47,693 $168,902,850 00 

114 $439,694 00 
434 1,693,250 00 


548 
426 


$2,132,944 00 
1,582,332 00 



122 8550,612 00 



Business in Massachusetts during 1888. 

Number. Amount. 

1,526 $7,107,000 00 

543 2,873,000 00 



Policies in force at beginning of year, 
Policies written during 1888, . 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 



Total, 

Losses and claims paid during 1888, 



2,069 §9,980,000 00 
370 1,988,500 00 



1,699 $7,991,500 00 



4 

19 

23 
15 



$15,000 00 

79,600 00 

$94,600 00 

56,200 00 



Losses and claims unpaid Dec. 31, . 



f38,400 00 



242 



ASSESSMENT LIFE AND 



[Dec. 31, 



"THE NATIONAL LIFE AND MATURITY ASSOCIATION OF 
WASHINGTON, 1). C.," WASHINGTON, D. C. 

[Incorporated Feb. 2, 1884. Commenced business May 16, 1883.] 

Horatio Browning, President. George D. Eldridge, Secreta?'y. 



Income during 1888. 
For membership fees, 
annual dues, 
mortuary assessments, 
maturity assessments, 
medical examiner's fees paid by applicant, 
interest and rent, 
miscellaneous, . 

Total income, . 
Balance on hand Dec. 31, 1887, 



$5,871 50 

23,783 40 

27,986 96 

144,053 80 

1,932 00 

9,903 96 

3 46 

£213,535 08 
302,771 33 



Total, $516,306 41 



Disbursements during 1888. 



For losses and claims (15 deaths), . 
maturity claims, . . 
surrender values paid members, 
commissions and fees paid agents, 
salaries of officers and employees, 
medical examiner's fees, . 
rent and incidentals, . 
Total disbursements, 

Balance, 



$13,100 00 

204,500 00 

77,035 42 

6,898 27 

31,209 25 

2,091 00 

13,170 24 



348,004 18 



$168,302 23 



Net or Invested Assets. 



Cost of real estate, 

Loans secured by pledge of bonds, stocks, etc. 

Cost value of bonds owned, 

Agents' ledger balances (loans to agents), 

( Sash in ollice, 

( fesh deposits on emergency or reserve fund account, 

Total net or invested assets, .... 
Less loans to agents, 

Total net or invested assets, .... 



$40,263 81 

55,070 34 

29,428 73 

1,394 15 

2,335 34 

39,809 86 

$168,302 23 
1,394 15 

$166,908 08 



».] CASUALTY INSURANCE COMPANIES. 

X« >N-LNVESTED ASSETS. 

Interest accrued, .-30 00 

Rents accrued 35 50 

Market value of real estate over cost and 

ineumbrar. 9,736 19 

Market value of bonds over cost, 77 

Personal property $1,500 00 

il non-invested assets, . . $13,167 

Gross asset ....... $180,069 54 

\'tin<~tF.nt Mortuary AflSKTS (or Bbsoubgh 
Mortuary assessments, not yet due, $16,457 40 



tuaky Liabilities. 
adjusted, not yet due (number of claims, : 



$-.•: "-:• 



Total Business of 1888 



Policies in force at beginning of y 
Policies written during 1888, 



Total, 
Poli fed during 1888, 

Policies in force Dec 31, . 



Losses and claims incurred during 1888, 
Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



>"-:."rr. Amount. 

S600 00 
1,001 1,712, 00 



- 1,367,600 00 



-.,613,000 00 

17 1,100 00 

15 13,100 00 



$8,000 00 



Business in Massachusetts during 1888. 



Policies written during 1888, 
Polk: -ed during 1888, 

Policies in force Dec. 31, . 



H "— ":^r. A--. :-.:. 

30 f50,000 00 
10,000 00 



$40,000 00 



244 



ASSESSMENT LIFE AND 



[Dec. 31, 



"NORTHWESTERN MASONIC AID ASSOCIATION," 
CHICAGO, ILL. 

[Incorporated June 27, 1874. Commenced business July, 1874.] 

Daniel J. Avery, President. James A. Stoddard, Secretary. 

Income during 1888. 

For membership fees, $94,598 00 

For assessments, mortuary, $1,001,414.33; expense, $225,- 

337.40, 1,226,751 73 

For interest, 3,359 62 

delinquent charges, 2,869 10 

incidentals, 1,086 56 

Total income, $1,328,665 01 

Balance on hand Dec. 31, 1887, 191,345 47 

Total, $1,520,010 48 



Disbursements during 1888. 



For losses and claims (321 certificates), 
advance payments returned, 
salaries and commissions to agents, 
salaries of officers and employees, 
medical examiner's fees, . 



rent, advertising and print 
advance assessments, 
furniture, . 
All other disbursements, . 
Total disbursements, 

Balance, . 



n g> 



$989,102 08 

8,838 65 

76,599 01 

91,822 01 

18,327 55 

14,764 16 

9,850 72 

3,729 91 

29,015 89 



1,242,049 98 
$277,960 50 



Net or Invested Assets 

Cost value of bonds owned (emergency fund), 
Agents 1 ledger balances, . 

Cash in office, 

Cash deposits in hands of treasurer, 

Total net or invested assets, . 
Less depreciation and agents' balances, 

Total net or invested assets, . 



$103,818 75 

1,890 40 

149 93 

172,101 42 

$277,960 50 
2,296 65 

$275,663 85 



Non-invested Assets. 



Interest due, 

Gross assets, 



104 16 



$275,768 01 



L888.] CASUALTY INSURANCE COMPANIES. 245 



Liabilities. 

Losses adjusted, due and unpaid, . . . $60,500 00 

Losses resisted, 7,500 00 

Advance assessments, 40,700 46 

All other (not including contingent mortuary), 1,049 06 

Total actual liabilities, .... 



Balance, net assets, 



$100,809 52 
$ 165,958 49 



Contingent Mortuary Assets (or Resources). 
Mortuary assessments, due and unpaid, . . £10,000 00 
Mortuary assessments, not yet called for losses 

unadjusted, 137,000 00 

Mortuary assessments reported, . . . 134,000 00 
Total due from members, . . . 



$281,000 00 



Contingent Mortuary Liabilities. 

Losses in process of adjustment (number of 

claims, 47), $137,000 00 

Losses reported (number of claims, 44), . . 134,000 00 

Total contingent mortuary liabilities, . $271,000 00 



Total Business of 1888 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. Amount. 

41,243 $118,055,500 00 
8,906 22,367,000 00 

50,149 $140,422,500 00 
3,108 9,174,000 00 

47,041 $131,248,500 00 



61 
371 

432 
321 



$171,250 00 
1,156,852 00 

$1,328,102 00 
989,102 00 



111 $339,000 0O 



Business in Massachusetts during 1888. 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims incurred during 1888, 
Losses and claims paid during 1888, 



Number. Amount. 

334 $1,041,000 00 
126 317,000 00 



460 $1,358,000 00 
11 39,500 00 



449 $1,318,500 00 



$7,500 00 
7,500 00 



246 



ASSESSMENT LIFE AND 



[Dec. 31, 



" THE OHIO VALLEY LIFE COMPANY," WASHINGTON, D. C. 

[Incorporated July 4, 1878. Commenced business July 4, 1878.] 

Robert White, President. T. B. Campbell, Secretary. 



Income during 1888. 

For membership fees, . $ 5,739 02 

annual dues, 19,321 45 

assessments, mortuary, $62,156.32 ; reserve fund, $2,617.26, 64,773 58 

medical examiner's fees paid by applicant, . . . 2,372 00 

interest, 235 94 

Total income, $92,441 99 

Balance on hand Dec. 31, 1887, 25,994 98 

Total, ... $118,436 97 



Disbursements during 1888. 



For losses and claims (32 deaths), . 
dues and assessments returned, . 
salaries and commissions to agents, . 
salaries of officers and employees, . 
medical examiner's fees, . 
rent, taxes, advertising and printing, 

incidentals, 

Total disbursements, 



$69,267 41 

317 46 

9,460 75 

12,547 37 

2,372 00 

2,759 38 

2,594 20 



Balance, 



99,318 57 



$19,118 40 



Net or Invested Assets. 

Cost value of bonds owned (emergency fund), 

Cash in office, 

deposits on emergency or reserve fund account, . 

in bank, 



Total net or invested assets, . 



$8,492 


00 


657 


87 


7,965 


20 


2,003 


33 


$19,118 40 



Non-invested Assets. 

Rents due, 

Office furniture, safe, stamps, etc., . 



$1,902 00 



334 50 



Gross assets, $19,452 90 



1888.] CASUALTY INSURANCE COMPANIES. 241 



Contingent Mortuary Assets (ob Resources). 

Mortuary assessments, called and not yet due, $8,000 00 
Mortuary assessments, duo and unpaid, . . 3,000 00 

Mortuary BSMMmento, not yet called for losses 

unadjusted 16,000 00 



Total due from members, 
Deduct estimated cost of collection, . 
Net amount due from members. 



$27,000 00 
2,700 00 



$24,300 00 



Contingent Mortuary Liabilities. 
Losses adjusted, not yet due (number of claims, 8), 



$21,000 00 



Total Business of 1888 



Policies in force at beginning of year, 
Policies written during 1888, . 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 



Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. Amount. 

3,249 £6,908,000 00 
579 1,086,000 00 



3,828 $7,994,000 00 
404 762,500 00 



3,424 $7,231,500 00 

11 ?24,767 41 
29 65,500 00 



40 $90,267 41 
32 69,267 41 



8 $21,000 00 



Business in Massachusetts during 1888. 

Number 

Policies in force at beginning of year, 
Policies written during 1888, . 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 



Total, 

Losses and claims paid during 1888, 



Amount. 

235 $875,000 00 
9 33,000 00 



244 $908,000 00 
16 61,000 00 



228 £847,000 00 



$8,000 00 
5,000 00 



3 $13,000 00 
3 13,000 00 



248 



ASSESSMENT LIFE AND 



[Dec. 31, 



"WESTERN UNION MUTUAL LIFE SOCIETY OF THE UNITED 
STATES, 11 DETROIT, MICH. 

[Incorporated Feb. 14, 1880. Commenced business March 3, 1880.] 

William II. Brace, President. Lyman M. Thayer, Secretary. 



Income during 1888. 



For membership fees, 
annual dues, 
mortuary assessments, 
interest, 



$32,820 00 

44,059 17 

250,427 22 

237 16 



Total income, $327,543 55 

Balance on hand Dec. 31, 1887, ...... 36,709 20 



Total, $364,252 75 



Disbursements during 1888. 



For losses and claims, 

salaries and commissions to agents, 
salaries of officers and employees, 
medical examinees fees, . 
rent and incidentals, . 
payments returned to applicants, 
Total disbursements, 



$255,000 00 

46,941 51 

15,624 80 

3,075 50 

10,744 86 

967 83 



332,354 50 



Balance, 



$31,898 25 



Net or Invested Assets. 

Cash deposits on emergency fund account, 

Cash in bank, 



Total net or invested assets, . 



$30,461 17 
1,437 08 

$31,898 25 



Contingent Mortuary Assets (or Resources). 

Mortuary assessments, called and not yet due, $127,460 80 
Mortuary assessments, due and unpaid, . . 351 84 

Net amount due from members, . . $127,812 64 



Contingent Mortuary Liabilities. 

Losses adjusted, not yet due (number of 

claims, 17), $67,500 00 

Losses in process of adjustment (number of 

claims, 11), 55,000 00 

Total contingent mortuary liabilities, . $122,500 00 



1888.] CASUALTY INSURANCE COMPANIES. 249 



Total Business of 1888. 



Policies in force at beginning of year, 
Policies written during 1888, . 



Total 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 



Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. 

4,787 
1,186 

5,923 
548 



Amount. 

$23,497,500 00 
5,650,000 00 

$29,147,500 00 
2,487,500 00 



5,375 $26,660,000 00 



4 
70 



74 
46 



28 



$17,500 00 
360,000 00 



$377,500 00 
255,000 00 

$122,500 00 



Business in Massachusetts during 1888. 

Number. Amount. 

20 $95,000 00 

20 95,000 00 



Folicies written during 1888, . 
Policies in force Dec. 31, 1888, . 






SUMMARY OF THE BUSINESS 



OP 



ASSESSMENT LIFE AND CASUALTY 
INSURANCE COMPANIES. 



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1888.] CASUALTY INSURANCE COMPANIES. 253 



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254 



ASSESSMENT LIFE AND 



[Dec. 31, 



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FRATERNAL BENEFICIARY ASSOCIATIONS. 



FROM THEIR ANNUAL RETURNS, DEC. 31, 1888. 



SUMMARY OF STATEMENTS RECEIVED. 



"SUPREME COUNCIL, AMERICAN LEGION OF HONOR." 

[Incorporated March 11, 1879. Commenced business Dec. 18, 1878 ] 



Enoch S. Brown, 

Supreme Commander, 



Adam Warnock, 

Supreme Secretary. 



Office, No. 20 Beacon Street, Boston, Mass. 

Income during 1888. 
For membership fees, benefit certificates, 

annual dues, 

mortuary assessments, 

interest, 

supplies, fines and relief returned, .... 



$12,583 50 

13,001 00 

2,570,821 50 

10,518 09 

11,634 20 



Total income, $2,618,558 29 

Balance on hand Dec. 31, 1887, 198,648 71 



Total, $2,817,207 00 



Disbursements during 1888. 

For losses and claims (818 deaths), . . . $2,448,000 00 

relief advanced to members, . . . 52,492 00 

salaries of officers and employees, . . 19,413 50 

rent and incidentals, . . . . . 26,349 64 

Total disbursements, 



Balance, 



Net or Invested Assets. 

Cash in office, 

in bank, 

with insurance department, Missouri, 

Total net or invested assets, . . . . 



2,546,255 14 
$270,951 86 



$2,465 99 

267,485 87 

1,000 00 

$270,951 86 






Contingent Mortuary Assets (or Resources). 

Mortuary assessments, called and not yet due, $212,462 80 
Mortuary assessments, due and unpaid, . . 10,752 12 



$223,214 92 



259 



2G0 



FRATERNAL BEXEFICIARY [Dec. 31, 

Total Business of 1888. 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims incurred during 1888, 
Losses and claims paid during 1888, 



Number. Amount. 

62,111 $185,671,500 00 
5,969 16,802,000 00 



68,080 $202,473,500 00 
5,804 18,722,000 00 



62,276 f 183,751,500 00 

818 $2,448,000 00 
818 2,448,000 00 



Business in Massachusetts duking 1888. 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims incurred during 1888, 
Losses and claims paid during 1888, 



Number. Amount. 

5,812 $17,494,000 00 
332 730,000 00 



6,144 $18,224,000 00 
507 1,723,500 00 



5,637 $16,500,500 00 

69 $175,500 00 
69 175,500 00 



"GRAND LODGE OF THE ANCIENT ORDER OF UNITED 
WORKMEN OF MASSACHUSETTS." 

[Incorporated Feb. 9, 1873. Commenced business Feb. 25, 1879.] 

Parker Spofford, Hugh Doherty, 

Grand Master Workman. Grand Recorder. 

Office, No. 120 Tremont Street, Boston. 

Income during 1888. 

For mortuary assessments, $156,197 00 

supplies, 1,886 32 

relief call, 6,079 50 

P. C. tax, . 12,799 50 

benefit certificates, 2,751 50 

Total income, $179,713 82 

Balance on hand Dec. 31, 1887, 5,970 35 

Total, • -$185,684 17 



1888.] 



ASSOCIATIONS. 



261 



Disbursements during 1888. 

For losses and claims (79 deaths), . . . $158,000 00 

salaries of officers and employees, . . 3,345 33 

rent 683 49 

supplies and print, district deputies, etc., 17,085 50 

Total disbursements, .... $179,114 32 



Balance, 



$6,569 85 



Net or Invested Assets. 



Cash in office, 



$6,569 85 



Contingent Mortuary Liabilities. 
1. sses in process of adjustment (number of claims, 6), . 



$12,000 00 



Total Business of 1888. 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 81, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 







Number. Amount. 

11,920 $23,840,000 00 
2,448 4,896,000 00 




14,368 
238 


$28,736,000 00 
476,000 00 




14,130 

6 
79 


$28,260,000 00 

$12,000 00 
158,000 00 




85 
79 


$170,000 00 
158,000 00 




6 


$12,000 00 



Business in Massachusetts during 1888. 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 



Number. Amount. 

6,593 $13,186,000 00 
981 1,962,000 00 



7,574 $15,148,000 00 
122 244,000 00 



7,452 $14,904,000 00 

3 $6,000 00 
39 78,000 00 


42 
42 


$84,000 00 
84,000 00 



202 FRATERNAL BENEFICIARY [Dec. 31, 

"SUPREME UNION OF THE EQUITABLE AID UNION." 

[Incorporated March 22, 1879. Commenced business April 25, 1879.] 

R. N. Seaver, President. W. Ed. Marsh, Secretary. 

Office, Columbus, Penn. 

Income during 1888. 

For annual dues, $16,216 86 

mortuary assessments, 392,397 86 

medical examiner's fees paid by applicant, . . . 412 55 

supplies, 2,993 69 

benefit certificates, 1,973 (db 



Total income, $413,994 61 

Balance on hand Dec. 31, 1887, 21,242 52 



Total, $435,237 13 



Disbursements during 1888. 

For losses and claims (221 deaths), . . $391,399 50 

Returned to Grand Unions, .... 3,780 80 

For salaries of officers and employees, . . 8,070 83 

travelling expenses, 625 27 

rent, taxes and supplies, ..... 4,513 53 

incidentals, 2,599 80 

Total disbursements, 



Balance, 



410,989 73 
$24,247 40 



Net or Invested Assets. 
Cash in bank, $24,247 40 

Liabilities. 
Losses adjusted and unpaid, 8,975 00 



Balance, net assets, $ 15,272 40 

Contingent Mortuary Assets (or Resources). 

Mortuary assessments, called and not yet due, $40,862 50 
Mortuary assessments, not yet called for losses 

unadjusted, 30,141 42 

Total, $71,003 92 

Contingent Mortuary Liabilities. 
Losses adjusted, not yet due (number of claims, 41), . . $71,003 92 



1888.] 



ASSOCIATIONS. 



263 



Total Business of 1888 



Policies in force at beginning of year, 
Reinstatements during 1888, . 
Policies written daring 1888, . 

Total, .... 
Policies ceased during 1888, 

Policies in force Pec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. 


Amount. 




20,755 


$37,373,815 


00 


75 


135,000 


00 


3,948 


6,316,800 00 



21,778 $43,825,615 00 
2,085 3,789,157 00 

22,693 $40,036,458 00 

55 $97,677 00 
212 373,701 00 

207 $471,378 00 
221 391,399 00 

46 $79,979 00 



Business i\ MASSACHUSETTS during 1888. 

Number. 

460 
503 



Policies in force at beginning of year, 
Policies written daring 1888, . 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims incurred during 1888, 
Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Amount. 

$865,552 00 
905,400 00 

963 $1,770,952 00 
102 236,275 00 

861 $1,534,677 00 



$7,950 00 
1,900 00 

$6,050 00 



"SUPREME PARLIAMENT OF THE GOLDEN RULE ALLIANCE." 

[Incorporated June 9, 1880. Commenced bueiness June 16, 1880.] 

John S. Damrell, President. C. J. Spenceley, Secretary. 

Office, No. 4 Exchange Place, Boston. 



Income during 1888. 
For membership fees, .... 

annual dues, 

mortuary assessments, 

medical examiner's fees paid by applicant, 

interest, ...... 

benefit certificates, notices, etc., 



Total income, . 
Balance on hand Dec. 31, 1887, 

Total, . 



$1,006 50 

5,745 40 

36,559 91 

334 50 

228 12 

273 47 

$44,147 90 

8,937 89 

$53,085 79 



264 



FRATERNAL BENEFICIARY [Dec. 31, 



Disbursements during 1888. 



For losses and claims (20 deaths), . 

losses and claims (permanent disability), 
salaries of officers and employees, . 
medical examiner's fees, . 
rent, advertising and printing, . 
chapter expenses, supplies, etc., 
Total disbursements, 



§33,451 50 

2,277 74 

3,229 88 

334 50 

769 55 

2,586 42 



Balance, 



Net or Invested Assets. 

Cash in office, 

in bank, 

in hands of chapters, 

Total net or invested assets, .... 

Liabilities. 
Due and accrued for salaries, rent, etc., . 

Balance, net assets, 



£42,649 59 



$10,436 20 



$639 22 

8,269 21 

1,527 77 

$10,436 20 



1,960 43 



},475 77 



Contingent Mortuary Assets (or Resources). 

Mortuary assessments, called and not yet due, £3,350 47 

Mortuary assessments, due and unpaid, . . 515 63 

Net amount due from members, . . $3,866 10 



Contingent Mortuary Liabilities. 
Losses adjusted, not yet due (number of claims, 6), 



$7,500 00 



Total Business of 1888 



Policies in force at beginning of year, 
Policies written during 1888, . 



Total, 

Policies ceased during 1888, .... 

Policies in force Dec. 31, 

Losses and claims unpaid Dec. 31, 1887, balance, 
Losses and claims incurred during 1888, . 



Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. Amount. 

1,873 $3,490,000 00 
223 362,000 00 



2,096 $3,852,000 00 
101 186,000 00 



1,995 $3,666,000 00 

$1,278 00 
27 41,951 00 



27 $43,229 00 
21 35,729 00 



6 $7,500 00 



188* 



ASS 1TI0XS. 



. " 



Br> 

a in force at beginning o: 
Policies written dur _ - - - 

Total 

Polit : - led during 1888, 

Policies in force Dec. 31, . 

Losses i nd claims incurred 
L and claims paid durin_ 

- md claims unpaid Dec. 31, . 







'■ 
1,4 


A 

00 


74 


j)00 00 




,901,500 00 
00 


|7i 00 



"SUPPwEME COUNCIL OF THE HOME CIRCLE 

:orporated Jan. 13, 1980. Commenced busioesa I 

Mrs. Adella I. CmoiD) - Juuua M Swats, 

tary. 

o Pernl - n. 



En ome during 1883 

mortuary assessme: .... 

in* .... 

benefit certifi 

per capita tax and fines 



SJ617 ~ 



Total income. . 
Balance on hand Dec. 31, 1887 



. 556 74 

2 3 _ 



Total, . 

Disbursement? dubeh 188C 
For 3S md claims (43 ... $i: 



3 >f officers and employ- 

.dvertising and printing, 
incidents] - .... 

al disbursements, 



Balance, 
Cash in ofE 



A 63 

- 



121.- - 78 



OR INVESTED 



Liabilities. 



Borrowed money, 
Balance 



U 



266 



Per capita tax. . 
Ledger accounts. 
Supplies, . 



FRATERNAL BENEFICIARY [Dec. 31, 

Non-invested Assets. 

$2,140 00 

750 00 

790 00 



$3,680 00 



Contingent Mortuary Assets (or Resources). 
Mortuary assessments, called and not yet due, . . . $8,000 00 



Contingent Mortuary Liabilities. 
Losses in process of adjustment (number of claims, 6), . 



$11,000 00 



Total Business of 1888 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 



Total, . 
Losses and claims paid during 1 



Losses and claims unpaid Dec. 31, . 



Number. Amount. 

4,673 $12,138,900 00 
968 2,003,000 00 



5,641 $14,141,900 00 
246 705,400 00 


5,395 

2 
47 


$13,436,500 00 

$5,500 00 
122,000 00 


49 
43 


$127,500 00 
116,500 00 



6 $11,000 00 



Business in Massachusetts during 1888. 

Number. Amount. 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 81, . 



. . . _,!'»« 

561 


1,056,500 00 


2,718 
109 


$6,581,500 00 
347,000 00 


2,609 

1 
22 


$6,234,500 00 

$3,500 00 
51,500 00 


23 
19 


$55,000 00 
16,000 00 



$9,000 00 



1888.] 



ASSOCIATIONS. 



267 



"SUPREME LODGE KNIGHTS AND LADIES OF HONOR." 

[Incorporated April 5, 1878. Commenced business Sept. 10, 1878.] 

Jno. T. Milbtjkn, Supreme President. C. W. Harvey, Supreme Secretary. 

Office, Indianapolis, Ind. 



Income during 1888. 

For membership fees, 

annual dues, 
mortuary assessments, 
Bale of supplies, tines, ete., 

Total income, . 
Balance on hand Dec. 31, 1887, 

Total 



$6,630 00 

17,470 99 

688,827 50 

5,872 66 



'18,801 15 
58,122 56 



76,923 71 



Disbursements during 1888. 

For losses and claims (564 deaths),. . . $729,500 00 

advance payments returned, . . . 144 17 

salaries of officers and employees, . . 11.188 62 

rent, supplies, office fixtures, etc., . . 8,961 23 

litigation expenses, 3,125 05 

postage and incidentals, .... 2,654 97 

Total disbursements, .... 



Balance, 



755,574 04: 
$21,349 67 



Net or Invested Assets. 

Cash in office, 

Cash deposit with clerk circuit court, St. Louis, 
Supplies on hand, 



Total net or invested assets, . 



$16,828 67 

21 00 

4,500 00 

$21,349 67 



Non-invested Assets. 

Per capita tax due, . 
Assessments due from lodges, . 
Due from lodges for supplies, . 
Total non-invested assets, 

Gross assets, . 



$9,980 36 

58,352 35 

3,127 47 



71,460 18 
$92,809 85 



Liabilities. 

Losses adjusted, due and unpaid, 
Attorneys 1 fees, printing, etc., . 
Total actual liabilities, . 

Balance, net assets, 



$40,000 00 
1,335 88 



41,335 88 
$51,473 97 



268 



FKATEKNAL BENEFICIARY [Dec. 31, 



Contingent Mortuary Assets (or Resources). 

Mortuary assessments, due anil unpaid, . . £58,352 35 
Mortuary assessments, not yel called for losses 

reported 40,000 00 

Total due from members, . . . $98,352 35 



Contingent Mortuary Liabilities. 

Losses adjusted, not j r et due (number of 

claims, 32), $44,000 00 

Losses in process of adjustment (number of 

claims, 6), 9,000 00 

Losses resisted (number of claims, 4), . . 8,000 00 

Total contingent mortuary liabilities, . 



§61,000 00 



Total Business of 1888 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. Amount. 

. 45,134 §54,913,000 00 
6,245 7,872,500 00 


. 51,379 
3,586 


$62,785,500 00 
5,334,500 00 


. 47,793 

93 

540 


$57,451,000 00 

§ 125,000 00 
705,500 00 


633 
564 


$830,500 00 
729,500 00 


69 


$101,000 00 



Business in Massachusetts during 1888. 

Number. Amount. 

2,618 $2,946,000 00 
156 210,500 00 



Policies in force at beginning of year, 
Policies written during 1888, . 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims incurred during 1888, 
Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



2,774 $3,156,500 00 
442 595,500 00 



2,332 $2,561,000 00 

29 $34,000 00 
27 32,000 00 



$2,000 00 



1888.] 



ASSOCIATIONS. 



2(>9 



"SUPREME LODGE KNIGHtS OF HONOR." 

[Incorporated Jan. 1, 1^74. Commenced business Jan. 1, 1874.] 

L. A. Gratz, 8upn rm Dictator. B. F. Nelson, 8upn me Reporter. 

Office, St. Loins, M<>. 



Ixcn-MK nri:iN<; isss. 



For supplies, 

annual dues, 
mortuary assessments 
benefit certificates, 
interest, 

incidentals, . 



Total income, 
Balance od band l)cc 



Total, 



31, 1887, 



$4,189 89 

31,1:35 53 

3,198,130 89 

12,736 20 

4.285 39 

4,203 15 

8:5,254,087 05 
40,033 68 



§3,294,720 73 



Disbursements during 1888. 

For losses and claims (1,627 death claim-), . |3,210,656 00 

relief 

salaries of officers and employees, . 
mileage and per diem, 

supplies 

printing, rent and postage, 
attorney's fees and court costs, . 
incidentals, ...... 

Total disbursements, 



Balance, . 



Cash in office, 
Cash in bank, 



1,500 00 
21,521 35 
10,524 60 

3,699 25 

10,179 85 

1,868 55 

7,599 82 



Net ok Invested Assets 



Total net or invested assets, . 



3,207,549 42 
|27,171 31 



£543 57 
20,027 74 



$27,171 31 



Contingent Mortuary Assets (or Resources). 

Mortuary assessments, in process of collection, $205,098 75 

Mortuary assessments, due and unpaid, . . 2,889 51 

Total due from members, . . . 

Contingent Mortuary Liabilities. 

Losses adjusted, not yet due (number of 

claims, 100), $208,000 00 

Losses in process of adjustment (number of 

claims, 15) 28,500 00 

Losses resisted (number of claims, 3), . . 0,000 00 

Total contingent mortuary liabilities, . 



6207,988 20 



£242,500 00 



270 



fratp:rnal beneficiary 

Total BUSINESS of 1888 



[Dec. 31, 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Business in Massachusetts during 1888. 

Number. 

Policies in force at beginning of year, 
Policies written during 1888, . 



o \jr 


Number. 

.122,912 
. 11,025 


Amount. 

£241,988,000 00 
20,168,000 00 


. 133,937 
. 8,520 


$262,156,000 00 
16,555,000 00 


. 125,417 

54 
. 1,696 


$245,601,000 00 

$103,000 00 
3,350,156 00 


. 1,750 
. 1,627 


$3,453,156 00 
3,210,656 00 


123 


$242,500 00 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 



Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Amount. 

10,454 $20,686,000 00 
371 679,000 00 



10,825 $21,365,000 00 
514 1,030,000 00 



10,311 $20,335,000 00 



5 
99 



104 
97 



$ 10,000 00 
198,000 00 

$208,000 00 
194,000 00 

$ 14,000 00 



"NEW ENGLAND COMMERCIAL TRAVELLERS 1 ASSOCIATION." 

[Incorporated Oct. 15, 1877. Commenced business Oct. 15, 1877.] 

Joseph A. Ball, President. Hobakt M. Cable, Secretary. 

Office, No. 32 Hawley Street, Boston. 

Income during 1888. 
For membership fees, 

annual dues, 
mortuary assessments, 
assessments at time of entrance 
lines and reinstatements, . 
interest, .... 

Total income, . 
Balance on hand Dec. 31, 1887, 

Total, .... 



$201 00 


3,421 


00 


56,958 00 


134 00 


275 


25 


546 


00 


% 61,585 


25 


17,804 03 


$79,339 


28 



1888.] 



ASSOCIATIONS. 



271 



Disbursements during 1888. 

For losses and claims (19 deaths), . . . $57,000 00 

salaries of officers and employees, . . 1,000 00 

advertising and printing, . . . 355 61 

postage and incidentals, .... 546 75 

Total disbursements, 



Balance, 



$59,502 36 
$19,836 92 



Xi.t OB Invested Assets. 

Cost value of bonds owned, 

Cash in office, 

Cnsh in hank, 



Total net or invested assets. 



$7,430 00 

487 19 

11,919 73 

119,886 92 



Contingent Mortuary Assets (or Resources). 
Mortuary assessments, not yet called for losses unadjusted, . $18,000 00 

Contingent Mortuary Liabilities. 

Losses in process of adjustment (number of 

claims, 4) $12,000 00 

Losses reported (number of claims, 2), . . 6,000 00 

Total contingent mortuary liabilities, . $18,000 00 



Total Business of 1888. 
Policies in force at beginning of year, 
Policies written during 1888, . 
Reinstatements, 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 



Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. 

1,727 

67 

2 



1,796 
96 



Amount. 

j,18l,000 00 

201,000 00 

6,000 00 

>,388,000 00 
288,000 00 



Business in Massachusetts during 1888. 



Policies in force at beginning of year, 
Policies written during 1888, . 



Total, . 
Policies ceased during 1888, 

Policies in force Dec. 31, . 



1,700 $5,100,000 00 

6 $18,000 00 
19 57,000 00 


25 
19 


$75,000 00 
57,000 00 


6 

1888. 

Number. 

1,258 $3 
57 


$18,000 00 

Amount. 

,774,000 00 
171,000 00 



1,315 $3,945,000 00 
68 204,000 00 

1,247 $3,741,000 00 



272 



FRATERNAL BENEFICIARY [Dec. 31, 



Losses and claims unpaid Dec. 81, 1887, 
Losses and claims incurred during 1888, 



Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 81, . 



Number. 

4 
14 

18 
14 



Amount. 

$12,000 00 
42,000 00 

$54,000 00 
42,000 00 

$12,000 00 



"ODD FELLOWS 1 FRATERNAL ACCIDENT ASSOCIATION OF 

AMERICA." 

[Incorporated April 12, 1887. Commenced business May 4, 1887.] 

James Noble, Jr., President. Herbert N. Kingsbury, Secretary. 

Office, Westfield, Mass. 

Income during 1888. 

For membership fees, $19,095 00 

annual dues, 6,774 90 

assessments, 13,545 60 



Total income, $39,415 50 

Balance on hand Dec. 31, 1887, 685 00 



Total, ^ . $40,100 50 

Disbursements during 1888. 

For losses and claims (2 deaths), . . . f 2,750 00 

losses and claims (196 casualties), . . 8,978 97 

forming local councils, .... 20,081 27 

salaries of officers and employees, . . 3,350 54 

rent and incidentals, 1,813 98 

Total disbursements, .... 



Balance, 

Cash in office, 
Cash in bank, 



Net or Invested Assets. 



Total net or invested assets, 

Contingent Mortuary Assets (or Resources). 
Mortuary assessments called and not yet due, 

Contingent Mortuary Liabilities. 
Losses in process of adjustment (number of claims, 1), . 



36,974 76 
$3,125 74 

$1,256 40 
1,869 34 

$3,125 74 
$2,484 80 
$1,500 00 



Total Business of 1888. Number. Amount. 
Policies in force at beginning of year, . . . 1,669 $5,232,550 00 



Policies written during 1888, 



Total, . 

Policies ceased during 1888, 

Policies in force Dec 31, . 



3,819 10,913,250 00 



5,488 $16,145,800 00 
1,612 3,240,550 00 



3,876 $12,905,250 00 



1888. J 



ASSOCIATIONS. 



273 



Losses and olaims unpaid Dec. 81, 1887, . 
Losses and claims incurred during 1888,. 

Total, . . 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. Amount. 

1 ft 1,500 00 

198 11,729 00 



1 



199 $13,229 00 
198 11,729 00 



$1,500 00 



Business in Massaciit rsETTS during 1888. 

Number. Amount. 



Policies iii force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



1,956 


5,949,s50 oo 


. 3,184 
876 


$9,689,100 00 
2,331,550 00 


2,308 

1 

73 


$7,357,550 00 

$1,500 00 
3,783 00 


7-4 
73 


5,283 00 
3,783 00 



$1,500 00 



"SUPREME SITTING OF THE ORDER OF THE IRON HALL. 11 

[Incorporated Dec. 17, 1881. Commenced business March 28, 1881.] 

F. D. Somerby, Supreme Justice. Wm. F. Lander, Supreme Accountant. 

Office, Indianapolis, Ind. 



Income during 1888. 
For membership fees, 
annual dues, 
assessments, 
rent, .... 
sale of supplies, . 
subscriptions to monthly paper, 
reserve accumulations, 



Total income, . 
Balance on hand Dec. 31, 1887, 



$17,342 00 

29,428 55 

1,203,717 75 

284 00 

10,379 42 

2,322 22 

42,600 23 

51,306,074 17 
348,715 92 



Total, $1,654,790 09 



274 



FRATERNAL BENEFICIARY [Dec. 31, 



Disbursements during 1888. 



For losses and claims, 

salaries of officers and employees, 
advertising and printing, . 
supplies for local branches, 
legal expenses, . 
incidentals, .... 
Total disbursements, 



$1,054,533 38 

18,271 31 
5,626 02 
10,144 16 
14,034 00 
14,013 49 



,116,622 36 



Balance, §538,167 73 



Net or Invested Assets. 

( lost of real estate, 

Cost value of bonds owned, 

(ash in office, 

Reserve fund in hands of the local branches, 
Reserve fund in hands of supreme cashier, 

Total net or invested assets, . 



$15,000 00 
540 00 

95,797 33 
416,817 12 

10,013 28 

§538,167 73 



Non-invested Assets. 
Value of real estate over cost, .... 



5,000 00 



Gross assets, §543,167 73 

Contingent Mortuary Assets (or Resources). 

Assessments, called and not yet clue, . . §145,051 00 
Assessments, due and unpaid, .... 3,704 75 

Total due from members, . . . $148,755 75 



Contingent Mortuary Liabilities. 

Losses adjusted, not yet due (number of 

claims, 83), $9,092 50 

Losses in process of adjustment (number of 

claims, 741), 94,501 00 

Losses resisted (number of claims, 267),. . 16,145 00 

Total contingent mortuary liabilities, . §119,738 50 



Total Business of 1888 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec*. 31, . 



Number. Amount. 

27,221 $22,410,500 00 
20,406 16,022,200 00 



47,627 838,432,700 00 
7,043 5,628,755 00 



40,584 §32,903,915 00 



18.] ASSOCIATIONS. 275 

Number. Amount. 

1, sses and claims unpaid Dec. 81, L887, . . 61-".. -210 00 

Losses and claims incurred during 1888, , . . 11,086 1,159,062 00 



Total 11,355 fl,174,272 00 

Losses and claims paid during 1888, . . . 10,264 1,051,533 00 



and claims unpaid Dec 81, .... 1,091 f 119,739 00 
Business in Massachusetts during 1888. 

Kumb-r. Amount. 

Policies in force at beginning of year, . . . L^,-< .$4,163,300 00 

iea written during 1888, 3,114 2,564,200 00 



tal, 7,972 $6,728,000 00 

Polici 3ed during 1888 1.115 920,800 00 



Policies in force Dec. 31 ,807,200 00 

I. and claims unpaid Deo. 31, 1887, . . . 12 -2.610 00 

ind claims incurred during 1888 . . 1,88 153,572 00 



Total, 1,927 8156,182 00 

I. and claims paid during 1888, . . . 1,775 143,292 00 



Losses and claims unpaid Dec. 31 152 §12,890 00 



" THE SUPREME LODGE ORDER OF TOXTI." 

[Incorporated April 27, 1885. Commenced business April 27, 1885.] 

Henry K. Wheeler, Supreme Pres. Dan'l H. Kenney, Supreme Secy. 

Office, Philadelphia, Pa. 



Income during 1888. 

For assessments 6233,712 40 

interest, 1,103 17 

relief fund certificates, 7,429 00 

per capita tax 6,064 50 

merchandise, etc., 9,532 71 

Total income, . . $257,841 78 

Balance on hand Dec. 31, 1887, 39,597 98 



Total, 8297,439 76 



276 



FRATERNAL BENEFICIARY [Dec. 31, 



Disbursements during 1888. 

For relief claims (1,983 claims), . . . $130,197 50 

salaries of officers and employees, . . 10,518 16 

rent and merchandise, . . . . 7,897 39 

incidentals, 4,097 GO 

Total disbursements, 



Balance, 



$152,710 65 
$144,729 11 



Net or Invested Assets. 



Loans on mortgages, 
Cash in lodges, . 
( !ash in bank, 



Total net or invested assets, 



$49,178 00 

2,716 65 

92,834 46 

$144,729 11 



Office furniture, etc., . 
Bills receivable, 



Non-invested Assets. 



$1,976 07 
2,011 43 

$3,987 50 



Liabilities. 



Bills payable, . 

Balance, net assets, 



Total Business of 1888 
Policies in force at beginning of year, 
Policies written during 1888, . 



1,684 43 
$143,044 68 



Number. Amount. 

4,647 §4,162,200 00 
7,339 6,765,000 00 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Claims paid during 1888, . 

Certificates terminated by death during 1888, 



Business in Massachusetts during 1 

Policies in force at beginning of year, 
Policies written during 1888, 

Total, 
Policies ceased during 1888, 



Policies in force Dec. 31, . 

Claims paid during 1888, . 

< i tificatea terminated by death during 1838, 



11,986 $10,927,200 00 


719 


624,600 00 


11,267 


110,302,600 00 


1,983 


$130,197 00 


21 


18,000 00 


> 1888. 




Number. 


Amount. 


429 


$414,800 00 


385 


356,600 00 


814 


$771,400 00 


72 


65,400 00 



742 $706,000 00 



160 
3 



$16,155 00 
3,000 00 



1888.] ASSOCIATIONS. 277 

"IMPERIAL COUNCIL OF THE ORDER OF UNITED FRIENDS." 

[Incorporated Dec. 2, 1881. Commenced busirtees Dec. 2, 1881.] 

\Ym. Pratt Head, President. Oliver M. Shedd, Secretary. 

Office, Potighkeepsie, N. Y. 

Income during 1888. 

For annual dues, $4,997 43 

mortuary assessments, 362,203 96 

medical examiner's fees paid by applicant, . . . 2,147 60 

incidentals, 3,842 10 

Total income . $373,191 09 

Balance on hand Dec. 31, 1887, 7,055 52 



Total $380,246 61 



Disbursements during 1888. 



For losses and claims (184), 

salaries of officers and employees, 
medical examiner's fees, . 
rent and printing, 
Total disbursements, 



$362,000 00 
5,321 76 
2,052 60 
3,700 00 



373,074 36 



Balance, $7,172 25 



Net or Invested Assets. 
Cash in bank, $7,172 26 



Contingent Mortuary Assets (or Resources). 

Mortuary assessments, called and not yet due, $52,524 80 
Mortuary assessments, due and unpaid, . . 1,812 65 

Total due from members, . . . $54,337 45 



Contingent Mortuary Liabilities. 

Losses adjusted, not yet due (number of 

claims, 10), $18,000 00 

Losses in process of adjustment (number of 

' claims, 9), 18,000 00 

Losses resisted (number of claims, 2), . . 4,500 00 

Total contingent mortuary liabilities, . $40,500 00 



278 



FRATERNAL BENEFICIARY [Dec. 31, 



Total Business of 1888 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, . . • . 
Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



9 Ol looo. Number. 

. 17,542 
5,364 


Amount. 

$34,410,000 00 
8,397,000 00 


. 22,906 $42,807,000 00 
1,406 2,632,000 00 


. 21,500 

9 
196 


$40,175,000 00 

$24,000 00 
378,500 00 


205 

184 


$402,500 00 
362,000 00 


21 


$40,500 00 



Business in Massachusetts during 1888. 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 





Number. 

2,502 
416 


Amount. 

$5,372,000 00 
847,000 00 




2,918 
198 


$6,219,000 00 
391,000 00 




2,720 

1 
23 

24 
17 

7 


$5,828,000 00 

$3,000 00 
60,000 00 




$63,000 00 
50,000 00 


• • 


$13,000 00 



L888.] 



ASSOCIATIONS. 



271) 



"SUPREME COUNCIL OF THE ROYAL ARCANUM." 

[Incorporated Nov. 5, 1877. Commenced business June 23, 1877.] 

S. M. LiNDSLEY, Supreme Regent. W. 0. ROBSON, Supreme Secretary. 

Office^ No. 55 Kilty Street, Boston. 

Income during 1888. 



For membership fei 

annual dues, 
mortuary assessments, 
interest, . 
supplies, fines and fees, 

Total income, . 
Balance <m hand Dec. 81, 1887, 

Total, . 



$14,337 50 

21,480 73 

2,120,609 11 

3,597 02 

9,142 34 

f2,169,166 70 
G2,1G8 41 

$2,231,335 11 



Disbursements during 1888. 



For losses and claims (689 deaths),. 
instituting councils, . 
salaries of officers and employees, . 
official visits, mileage and per diem, 

rent 

supplies and incidentals, . 
Total disbursements, 



Balance, 



$2,024,700 00 

1,715 04 

19,795 06 

6,321 91 

1,420 00 

18,156 42 



2,072,108 43 



|159,226 68 



Net or Invested Assets. 

Cost value of bonds and stocks owned, . 

(ash in office, ........ 

Cash in bank, 



Total net or invested assets, . 



$2,089 11 

433 61 

156,703 96 

59,226 68 



Non-invested Assets. 



Interest due, 
Per capita tax due, 
Ledger balances, 
Supplies on hand, 



$15,379 85 
2,499 30 



40 00 



1,607 63 



Gross assets, $160,874 31 



Sundry accounts due, 

Balance, net assets, 



Liabilities. 



2,168 82 
. |158,705 49 



280 



FRATERNAL BEXEFICIARY [Dec. 31, 



Contingent Mortuary Assets (ok Resources). 
Mortuary assessments, called and not yet due, f 155,703 73 
Mortuary assessments, due and unpaid, . . 2,605 76 

Total due from members, . . . $158,309 49 



Contingent Mortuary Liabilities. 
Losses in process of adjustment (number of 

claims. 19), £55,500 00 

Losses reported (number of claims, 38), . . 111,000 00 
Losses resisted (number of claims, 4), . . 12,000 00 

Total contingent mortuary liabilities, . §181,500 00 



l Total Business of 1888. 
Policies in force at beginning of year, 
Policies written during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid and 1 withdrawn during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. Amount 

79,171 $234,079,500 00 
10,789 31,401,000 00 



89,960 $265,480,500 00 
3,025 8,911,500 00 



86,935 f256,569,000 00 

23 $69,000 00 

728 2,137,200 00 



751 $ 2,206,200 00 
690 2,024,700 00 



61 $181,500 00 



Business in Massachusetts during 1888. 

Number. Amount. 

10,633 $31,599,000 00 
881 2,577,000 00 



Policies in force at beginning of year, 
Policies written during 1888, . 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total 

Losses and claims paid during 1888, 

L"s<es and claims unpaid Dec. 31, . 



11,514 $34,176,000 00 
297 877,500 00 


11,217 

1 
103 


$33,298,500 00 

$3,000 00 
304,500 00 


104 
101 


$307,500 00 

298,500 00 



$9,000 00 



L888.] 



ASSOCIATIONS. 



281 



••SUPREME ASSEMBLY ROYAL SOCIETY OF GOOD FELLOWS." 

[Incorporated Aug. 2, 1887. Commenced business April, 1882.] 

James (J. WHITEHOUSE, Premier. Darius Wilson, Supreme Secretary. 
Office, No. 10 Temple Place, Boston. 



Income during 1888. 



For membership fees, 
annual due-. 
mortuary assessments, 
interest, . 
borrowed money, 
supplies and lines, 

Total income, . 
Balance on hand Doc. 31, 1887, 

Total 



$10,858 00 

6,274 75 

206,775 60 

98 52 

1,000 00 

10,790 71 

$235,797 58 
3,500 95 



$239,298 53 



Disbursements during 1888. 



For losses and claims (75 deaths), . 
salaries of officers and employees, 
rent, advertising and printing, . 
instituting assemblies, postage, etc., 
borrowed money repaid, . 
Total disbursements, 



Balance, 



$208,000 00 

8,145 71 

3,198 50 

14,873 44 

3,500 00 



237,717 65 

$1,580 88 



Cash in office, 



Net or Invested Assets. 



$1,580 88 



Non-invested Assets. 
Stock on hand, 

Due from subordinate assemblies, . 



5,750 00 
20,088 35 



Gross assets, $27,419 23 



Salaries, expenses, etc., 
Due for merchandise, etc., 

Balance, net assets, 



Liabilities. 



$500 04 
5,553 11 



6,053 15 
$21,366 08 



Contingent Mortuary Assets (or Resources), 
Assessments, not yet called for losses, resisted, $12,000 00 
for losses reported, . . . 20,088 35 
Total due from members, . . . 



$32,088 35 



282 



FRATERNAL BENEFICIARY [Dec. 31, 



Contingent Mortuaby Liabilities. 

Losses reported (number of claims, 9), . . 822,000 00 
Losses resisted (number of claims, 4), . . 12,000 00 
Total contingent mortuary liabilities, . 



§34,000 00 



Total Business of 1888 
Policies in force at beginning of year, 
Policies written daring 1888, . 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, . 
Losses and claims incurred during 1888, . 



Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. Amount. 

10,972 $29,783,000 00 
5,487 13,720,000 00 



16,459. §13,503,000 00 
1,493 3,721,000 00 



14,906 §39,782,000 00 



5 
83 

88 

75 



$13,000 00 

229,000 00 

$242,000 00 

208,000 00 



13 §34,000 00 



Business in Massachusetts during 1888. 

Number. Amount. 

6,713 $16,796,000 00 
3,344 8,270,000 00 



Policies in force at beginning of year, 
Policies written during 1888, . 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, . 
Losses and claims incurred during 1888, . 



Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



10,057 §25,066,000 00 
964 2,556,000 00 



9,093 §22,510,000 00 



3 

40 


§8,000 00 
112,000 00 


43 
34 


§120,000 00 
95,000 00 


9 


$25,000 00 



1888.] 



ASSOCIATIONS. 



283 



"SUPREME COMMANDERY UNITED ORDER OF THE GOLDEN 

CROSS OF THE WORLD." 

[Incorporated July 4, 1876. Commenced business July 4, 1876.] 

AY, II. SOLOMON, President. W. R. Cooper, Supreme Keeper of the Records. 

Office, Knoxville, Tenn. 



Income during 1888. 



For membership fees, 
annual dues, 
mortuary assessments, 
supplies furnished, 



Total income, . 
Balance en hand Dee. 31, 1887, 



Total, 



$3,214 00 

7,G16 37 

205,945 01 

1,467 41 

$218,242 79 
6,164 21 

$224,407 00 



Disbursements during 1888. 



For losses and claims (122 deaths), . 
salaries of officers and employees, 
advertising, printing, etc., . 
supplies, .... 
office furniture and fixtures, 
attorneys 1 fees and expenses, 
freight, telegraphing, etc., 
Total disbursements, 

Balance, .... 



§203,755 14 

8,711 96 

2,715 21 

1,244 12 

209 00 

470 25 

88 57 



217,194 25 

$7,212 75 



Cash in office, 



Net or Invested Assets. 



',212 75 



Liabilities. 



Salaries, rent, etc., accrued, 
Balance, net assets, 



1,172 16 

&6,040 59 



Contingent Mortuary Assets (or Resources). 

Mortuary assessments, called and not yet due, $18,347 20 
Mortuary assessments, not yet called for losses 

unadjusted, 7,320 00 

Total due from members, . . . $25,667 20 



Contingent Mortuary Liabilities. 
Losses in process of adjustment (number of claims, 15), 



$24,350 00 



2S± 



FRATERNAL BENEFICIARY 

Total Business of 1888. 



Policies in force at beginning of year, 
Policies written during 1888, . 

Total 

Policies ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31, . 



Number. 

9,937 
3,141 

13,078 
494 



[Dec. 31, 



Amount. 

§16,094,000 00 



12,584 


§ 19,783,000 00 


9 
128 


$16,000 00 
212,105 00 



137 $228,105 00 
122 203,755 00 

15 $24,350 00 



Business in Massachusetts during 1888. 

Number. 

Policies in force at beginning of year, . . . 3,535 
Policies written during 1888, 1,011 



Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, 1888, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 



Total, . . . . . 
Losses and claims paid during 1888, 

Losses and claims unjjaid Dec. 31, . 



Amount. 

! ,025,000 00 



4,546 
211 



35 

1 
54 


$7,133,500 00 

$2,000 00 
101,000 00 


55 

48 


$103,000 00 
90,142 00 


7 


$12,858 00 



"SUPREME COLONY UNITED ORDER OF THE PILGRIM 

FATHERS." 

[Incorporated March 15, 1879. Commenced business March 15, 1S79.] 

John II. Rowell, Supreme Governor. James E. Shepard, Supreme Sec'y. 

Office, Lawrence, Mass. 

Income during 1888. 
For annual dues, $6,097 05 

mortuary assessments 102,906 25 

medical examiner's fees paid by applicant, . . . 2,766 75 

charter fees, 1,100 00 

sale of supplies, 3,431 29 

interest, 15 20 

Total income, £1 L6.816 54 

Balance on hand Dec. 31, 1887, 5,867 24 

Total, $122,173 78 



L88&] 



ASSOCIATIONS. 



285 



Disbursements during 1888. 



For losses and claims (62 deaths), . 
salaries of officers and employees, 
medical examiner's fees, 
advertising, printing, etc., 
organizing new colonies, 
mileage, 

legal services, 

postage and incidentals, 

Total disbursements, 

Balance, . 



$96,000 00 
2,441 67 
2,766 75 
1,899 99 
1,175 00 
1,777 71 
109 50 
1,209 61 



$106,880 23 
$15,293 55 



Net or Invested Assets. 
Cash in hank $15,293 55 



Losses due and unpaid, 
Balance, net assets, . 



Liabilities. 



5,000 00 
$10,293 55 



Contingent Mortuary Assets (or Resources). 

Mortuary assessments, called and not yet due, $15,000 00 
Mortuary assessments, not yet called for losses 

unadjusted, '. 18,000 00 

Total due from members, . . . $33,000 00 



Contingent Mortuary Liabilities. 
es adjusted, not yet due (number of 

claims, 8), $15,000 00 

Losses in process of adjustment (number of 

claims, 9), 18,000 00 

Total contingent mortuary liabilities, . 



$33,000 00 



Total Business of 1888 



Policies in force at beginning of year, 
Policies written' during 1888, . 

Total, 

Policies ceased during 1888, 

Policies in force Dec. 31, . 

Losses and claims unpaid Dec. 31, 1887, 
Losses and claims incurred during 1888, 

Total, 

Losses and claims paid during 1888, 

Losses and claims unpaid Dec. 31 J . 



Number. Amount. 

7,796 §14,033,000 00 
2,213 3,983,000 00 

10,009 $18,016,000 00 
317 571,000 00 



92 

9 
63 


fl7,445,000 00 

$18,000 00 
116,000 00 


72 
52 


$134,000 00 
96,000 00 


20 


$38,000 00 



286 



FRATERNAL BENEFICIARY [Dec. 31, 




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ASSOCIATIONS. 



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o 

4h 

O 
3 

o 



S 03 



*S .JO 









ci 
3 
*j 
3 

*oo 

Eft 
_o 

"3 

Ph 
O 



o 

P 
3 
O 
© 



Ph 

3 
CO 

u 

O 
B 
O 

W 



E 
O 

"bb 



* jT 

co O 

o .2 

M o 

03 <! 

tH „ 

© £ 

co § 

3 2 

^ "oS 

cm 3 
O 

r. 

CD 

E 



r £ 



^ E 

M © 



fp 

© 

03 



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a a 



3 



JO 
P 

pq 



to 



3 
2 


T3 
O 
t-3 


CO 


O) 


03 


a 


^3 


CJ 


-M 


M 


>> 


Ch 


Ph 


3 


Cm 


C/J 


O 


oT 


CO 


rrt 


4-3 




,3 


rB 


bn 


*a 




>> 


E 


Ph 



M bd 

CJ M 

T3 £3 O 

© W £ 



M ^3 



Jh 
© 



2SS 



FRATERNAL BENEFICIARY [Dec. 31, 






- 

o 

3 
c 
o 
o 



O PLi 



03 
13 



09 

o 

3 



►» ■a 



a, 

CO 



U 



o 



cp 

2 to 

s o 

3 
1-9 



h M M 



^ 



a s o 



— 
3 

o 

o 



pq 



'5 



55 pu 

c Ph" 5 



o 



O 

•a 

OJ 

13 



08 

— 

6 



DC 



fl 

SO 



08 



'a 

3 

03 



3 
C 

W 
W 



3 
o5 



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a 




> 


• 














3 




CO 


c 




o 


Ph 


- 


-a 


W 


03 


o 


£ 


o 


13 


co 


w 


U 



> 

03 
co 



tf 





a. 
a 



OS 

Hi 



3 

3 



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03 - 

« § 

8 Q 

£ CO 



3 

o 



— 



3 

o 
u 

pq 
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co 

3 

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s w « 






o 
a 
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03 (g 



o 

o 



a 
x 






08 
Ph 



B 

a 

a 

H 
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3 

2 
2 

QQ 



be >g 

5 G 

3 
03 
Pi 
CO 



Ph 
CO 



fl 

o 



fl 

fa 

CD 

3 

o 

CO 



ej 

fl 



w 



fe K 



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o 

a 

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O 

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3) 
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o 



o 



Ph 



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3 
fl 

B 

3 

3 



3 
CD 

fa 

03 

►q 



3 
O 
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co 

O 

PQ 



3 
O 
co 

O 

pq 



08 
fl 
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o 

pq 



T3 

a 



o 

03 

3 

.2* 

13 

3 



O 

1 § 

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3 
fl 
K 
o 

PS 



3 
O 
HH* 

+j 

CO 



3 

o 

— 
oo 
O 

pq 



o 

PQ 



3 
O 

4-> 

00 

O 

pq 



c 
pq 



5 Ph 



o 

a, 

03 

3 

>3 

3 



S3 
o 

13 
fl* 



X CO ffi 
OO N N 
CO O0 QO 



a 



Ifi 



GO CO ■<*< 
h- GO !>• 

GO 0O CO 



US h- CO 

00 CO CO 
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CO i—l o 
CO CO oo 
CO CO CO 



o 



to 

3 
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a 

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3 
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CO 

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6 
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u 



x 



a 
3 
3 



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09 



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08 



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a, 

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3 05 



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ci 
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o 






o 

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C 



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o 
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CO -2 



3 «m 



3 
03 

o 

p^ 



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3 

< 


p 
a 

Cp 


o 

00 

3 
O 
CO 


Pw 

e 

o 


3 


3 

O 


o 

S-l 

pq 
o 


CM 


3. 
3 
CO 


1— 1 

i— i 


3< 
3 
CO 


3 
O 


3 
P 


00 


6 


3*" 


d 
o 


cT 
o 




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3 


o 


— 

03 


O 
3 


3 

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u 

fa 

a, 

3 


fa 
B 


fa 

o 


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TJ 


3 


CO 


P4 


O 


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<< 


.-1 


a 


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u 




3, 


3 


o 


<u 


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00 


- 




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» 


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03 


3 


O 


3 
6 


3 


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B 


<X> 


<D 


3. 


3i 


— 
3 
O 
CJ 


3 
a" 

w 


5 
o 


3 
O 


cu 
3 


CU 

3 
l— l 



fcc 

o 
►q 



3 
CO 



o 

3 

o 

W 



3 

03 



r3 

.3° 

'5 



6D 
O 





* 




cu 


3 
O 


WD 
O 


*-> 


h4 


o 
*-> 
O 

PM 


CD 

a 

fa 


(tl 


3, 





3 


00 


CO 


o> 


fa 


Ti 


o 


03 


3 


hJ 


O 



a 



r3 

'5 






? ^ 



to 

13 
O 

►q 



3. 
3 
CO 

3" 
o 



Ph 



o 
> 

CO 

B 

OJ 

pq 

*3 O 

E *-> 



ffl s 





TJ 




3 




o3 


3 


W) 


fl 


B 



03 


w 


CO 

00 


k 


03 






3 

o 

•a 

k1 



o 



o 



CJ 



* 

to 

B 

bo 



•S a 



34 

<1 



CO 

to 

13 



00 

< 

CO 


— . 
3 
CO 


i-q 

co 

fl 






co 




oJ 





fa 


« 


35 


34 

3 


"5 


3 
O 


CO 


3 


fa 


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h- ( 


—i 


3 




3 


a 


fl 


O 

F-H 



co 

13 



O O 



O 



co 

13 



L888.] 



ASSOCIATIONS. 



289 













►> 






























73 






u 




> 

c3 




- 






H 




CD 




u 

CD 






tA 


" 




73 
J2 




Q 


4-> 

3 


c 
o 


CO 




cs 
J0 

CO 








3 

M 

-5 

3 


en 


CD 




o3 


"3 


3 


3 

hH 


o3 

w 




X 

pi 


s 
O 

4-> 


en 

-O 
O 

- 


H 

c3 


£ 


_3 


— 


o 
O 




O 
O 
O 


3 
1— 1 


Ph 


CD 

03 
O 

t-3 


P* 
CD 


CD 

3 


CD 

< 
CD 


P 

cn 

c3 


w 

a 




> 


b 


O 


a 
— 


3 


3 
eg 


tf 


a 




>> 

I 

03 




•< 


en 


bD 

Si 

O 


HH 


bD 

Si 

O 


a 



o3 




5 


O 

- 


* 


o 


P 


mi 


^ 


r3 




^ 


<i 


CD 


•-» 


CD 


P 


CD 

O 


-3 

H 


* 




. 


Be 

o 

c 

73 
O 

o 

O 






CO 




















bO 












-a 

03 




3 

o 

*-> 
4 


3 
O 

.a 

CD 

IF 


P 

O 


b" 
o 

F 


"3 




CD 
CO 

C 


CD 


• 


"3 

1-1 

3 


3 



eo 
h 


73 
73 
pq 


a 


3 
O 
en 

.5 

CD 



3 
P 


CD 

3 
3 

CD 

H 

Oh 




* 


J 


•a 

c 


PE| 


I 

03 

Q 
u 

3 
5 

p 


o 


o 




3 
ft 


CD 

03 


►» 


P 


03 

w 


P 




Ph 


3 

w 


CD 




c 

Pi 

B 


73 

Si 

c3 

w 


- 
CO 


Ml 

CO 

a 

03 
•-9 


6 

en 
B 

a 

S 


CO 

— ! 


w 

3 

— 

o 

1^ 




73 

k 

D3 

O 

s 


H 

CO 

>> 







to 

a 


CO 

3 
.3 
O 


73 

(1 

03 

73 

w 


a 

03 
"—> 

3 
CD 

PQ 


P 

a 


3 
e3 
,3 


3 

CD 
Si 

03 


CD 

3 
CO 




^ 








































fc 












3 








































3 




















«a 








o 














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73 


. 


. 


. 


3 
O 




. 


O 
Pi 




. 




Si 


















,0 








CD 








CD 








•a 










cu 


OP 

S 




73 












b0 
73 


bD 
73 






,* 


o 


a 


R 


3 


3 


> 


3 
S 




PQ 


C 


5 


3 


» 


3 





*n 


Si 


03 


a 


tc. 




o 


O 


O 





X 






O 





O 


<-> 


O 


— 


.o 


eo 


V 


CO 


en 


M 


CO 


— 

CO 


O 


►4 




st 


CO 


en 


CO 


CO 


4^ 
en 


3 


a 


a 


CD 


=. 


O 


£ 


a 


a 


O 


O 


3 


03 




CD 





O 


O 


p^ 


O 


ci 


03 


03 


,3 




Pm 


CQ 


cq 


CQ 


CQ 


M 


a 




fc 


CQ 


CQ 


PQ 


cs 


H 


O 


O 


O 




i— i 


1^. 


r^ 


r^ 


r^ 


r— i 


CO 


Oi 




0O 


CO 


>o 


CM 


«o 


CO 




1—1 


■»+< 


CO 


73 





CO 


•^ 


00 


00 


CO 


r^ 


t^ 




00 


CO 


00 


CO 


00 


t— 


CO 


00 


CO 


r> 


00 


CO 


00 


oo 


CO 


oo 


00 


00 




00 


CO 


CO 


CO 


CO 


CO 


CO 


00 


CO 


00 










































V 


CM 


T* 


o 


■* 


CM 


•— ' 


Tfl 


>c 




r-i 


1— 1 




CO 


CO 




ec 


CM 







73 


























I— 1 


r-H 




1— 1 


<M 


t— 1 


r-H 


CD 

? 


6 
<u 

C 


tc 

< 


> 

o 


Q 


tc 

3 

<3 


3 

3 




u 
03 

2 




ci 

CD 
P 





i-1 
03 


.0 

CD 

P- 


u 

CD 

P 




CD 

3 
3 


3 

e3 


CD 

3 

3 


3 

03 


















>» 




« 
































* 




.2 

'3 




£3 
CD 


























'3 






>> 

H 

cp 


* 


o 

CO 




W 




















• 


o 
S 

e 
< 


• 


a 

3 
O 

o 

o 

S 

Si 


* 

a 

V 

CO 


• 


73 

3 
e3 

a 

a 

o 
o 


>> 

3 
O 

O 
O 
CD 

a 


♦a 

3 

> 

o 
3 
<a 

CQ 




CD 

3 
73 
O 

Pm 

73 

3 


3" 




















'3 

3 

3 

o 


O 

P 

o 

c3 


. 


Cl 

3 
OO 

en 
© 


< 

a 

Si 


. 


a 

CD 

P. 

3 


2. 

3 
CO 


73 
3 
03 

CD 
CD 

3 
03 




03 

M 

Ph 


'■i-i 

ed 

'3 


en 

en 


3." 
O 

"3 












P* 

.2 

o3 




. 


O 

Is 


o 
O 

CO 

en 


a 

3 

o 


73 
S3 
►J 


3. 
3 
CO 


"3 

3 


CO 


CD 
3 




3 
O 

en 


CD 


CO 
CQ 

< 








3" 


<D 
O 
co 

CO 


3" 






XI 

S 


<1 
*-> 

3 
o 

73 


73 
3 
a3 
ao 


CO 

Ph 

t3 
o 

o 

O 

Cm 
O 

.2 

'3 

o 

CO 

e3 


3 
O 

O 

CO 

F 


o 

h 

o 

3 

CO 


03 

a 


CD 

& 

a 

CD 

H 




O 

PQ 

CD 


"3 

73 

e3 
O 

'3 
P3 

CD 

3 
"3 

73 

3 
03 

3 
O 


CD 

P^ 


• 


3 

.2 

p c3 

'3 


CJ 

O 

CO. 

73 


.2 
'3 


eo 


73 

< 


+a 

'3 



en 




X 

C 
o 

*ii 

Ph 
73 

CV 

"3 

p 

«t— 1 

O 

s- 


CD 

u 

< 

"3 
= 
g 

CO 

"p 

to 

2 


a 

Si 

co 

a 

p 

03 

t> 

Si 
<1 


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M 

Ph 

Cm 
O 
O 

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3 
O 

O 

03 


o 

— 
3 
CO 

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T3 


2 
o 

GO 

^3 

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5h 
O 
73 
M 

o 

73 


s- 

s 

C9 

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o 

u 
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73 

O 

73 


-t-3 

3 

CO 

© 

O 

- 

CO 

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CD 

be 

3 


73 

tH 



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73 
CD 

pq 

CD 


O 

3 

_o 

.2 
'3 


CO 

CO 

< 

U 

.2 
'3 

en 


03 

3 

3 

CO 

*3 

CD 

a 

CD 
H 

3 
O 


CD 

3 
fcC 

03 

CD 

"3 

<D 

— ■ 

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u 

Ph 

3 
O 




eo 

CO 

< 
en 
CD 

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Ph 

CD 

.2 
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Ph 

3 
O 


< 

3 

3 

3 
3 



< 

3 

CD 

"o 

t> 

CD 

3 

CD 

PQ 

CD 

tc 

73 
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03 

3 
■u 

3 

CD 
CD 

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Ph 

CD 

bO 

73 
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-u> 

CB 

CD 

3 

CD 

P 

"as 

3 
-u 

3 
a3 

CD 
CO 




73 


73 


►j 


>> 


r»s 


-»-s 


4^ 


•*-> 


3 




3 


en 


CO 


■4-a 

en 


CO 


en 


a 


a 


CD 






CD 


o 


O 


O 


3 


3 


3 


O 


CD 


O 


O 


O 


O 


Si 


o3 


03 


pp 




o 


p 


p 


P 


p 


P 


P 


P 


i* 




PQ 


PQ 


PQ 


PQ 


PQ 


PQ 


O 











290 



FRATERNAL BENEFICIARY [Dec. 31, 



r-3 . = 



«a 



o 



o 



— 






3 
W 



o 

c 
o 

s 









pq 






,n 


B 


. 


o 


c3 


e 


"o 


£ 




► 


« 


T3 
cS 


C/J 


.a 


o 


- 


o< 


a 


A 


CO 




o 


O 

Ha 


s 



a 


B 


CD 




CO 


o 


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c 


o5 

O 




k 


Ml 


« 


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— 


o 


r/> 


> 


»^ 




n 


5> 


« 


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o 




o 

32 


d 



a 

c 
s- 

pq 



>> 


fee 

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CO 

03 


c 




la 


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£ 


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tc 
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cd 

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m 
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o 
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r$ 


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o 


a 
c 
c 

cS 

pq 


m 
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d 


CO 

a 
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PQ 


£ 


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^ 


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H 


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B 


a> 


CJ 


<D 


rt 


CD 


CD 

^3 


W 


to 


to 


tn 




W> 


CO 


t- 


M 


M 


pH 


m 






o 


o 


O 


o 


oi 


■* 


CD 


V 


<x> 


• 


a 


.a 


a> 


CD 


a 


CD 


PQ 


CD 


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o 

& S3 






pq 



H 



a w < 



r £ 



— o 



> w C M 



W 



B 



JS 

a, 
o 

CO 

O 
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Ph 



a 
to 



o :b 



to 

H 



d 

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B 

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O 
O 

d 

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- 
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to 

3 
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o 

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H 



-73 

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a 
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o 

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pa 
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B 

Cjr^BBaor2caS^3coo3coc3> 1 B'3 

OcTaoQ^^PQ^PQWSpQOpqpHpH^S 



w^i-HeNeMeo«ooocN«o»-Ht>.eNCNOeo«DO 

J«CCCX)COOO"<^t>.CX3t^C>Ot~-OOOOOOa)CjOOO 
5oCX300c»OOCXDC»oOOOOOC»OOOOOOC>DOOt» 

a> oo^vo^ ©u2 5 "^3 ^^«i? 



g 

^3 
CD 

c 
o 

43 
Cm 

o 

a 

•2 B 

o 



id a .a s 



•3 O -3 



.2 B «B 



c3 .2 



B 
u 

OB 



^3 
B 
OS 



B 

.2 £ 



.2 .2 "*< 



+5 co c 
c3 »h S 

§ s 1 



CD 

03 

B 2 
2 3 

B 1— 1 



PQ 

•3 PQ 



o 
B 

CJ 



<1 S tf 



PQ 



.S B 

Ph .2 

B -° 

I I 

B 5 

s o 

o o 



H 

3 



j— (y 



a 
3 



Pm © 



OS 

3 
«-> 
3 

B 

E 

^Q 



o 

GO 

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3 
B 

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o 

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03 



oJ 
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<1 

3 



o 

CD 
E 
o 
PQ 



o 
CD V3 

5 2 

1 1 

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M 
CD 

to 

E 
CD 



a 



3 
a 

B 

a 

"o 

a. 
o 



ZJ ■>-> -^ 



a 

a 

M 

o 



<1 "o 



"3 

3 
*-> 
3 

,0 



.2 CD 

*73 "«-> o 

2 o co 

y CO «J 

cB 5 ""I 

2 ^ « 



E 



CD .3 :3. 








PQ 


CB 

CD 


CD 

E 


— 

■4-> 


E 

S 




03 

"3 

P4 


T3 
ccS 
O 

'3 


B 

CD 

PQ 

3 

3 


CD 
PQ 

3 


Cm 
O 

B 
O 
*3 


T3 

E 


T3 
B 


Ph* 


B 


B 

— 
3 


2 
"5 


E 


o3 

"to 

E 


E 
O 


T3 
O 
^3 
03 
CD 




CO 
CO 

< 


W 
CD 


CD 


O 
O 
T3 


O 

£ 


tt-l 

CD 

"a3 


» 


^ 


O 


Ph 


Ph 


p^ 



a. 



03 


CD 


CD 


« 


P 


CD 

— 


CD 

(-1 


Ph 






Ph 


S 

CD 


E 


^3 


E 

t-Q 


C3 



CD 

-B 

*-• 

Cm 
O 

E 
O 

*-i 
oS 
•3 
O 



CD 

Ph 



1888.] 



ASSOCIATIONS. 



291 











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292 



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[Dec. 31, 





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CO 


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cc 


cn 


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ASSOCIATIONS. 



293 



CM 


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i— i 


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CN 


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CO 




■—I 


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to 




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CN 


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ASSOCIATIONS. 



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LIFE, ACCIDENT AND CASUALTY 

INSURANCE COMPANIES 

OF OTHER STATES 

Authorized to do Business in Massachusetts, and the Amount of 

Business done, for the Year ending October 31, 1888, 

as returned to the tax commissioner, 

and by him comfiled. 



299 



300 



LIFE, ACCIDENT AND 



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1888.] 



CASUALTY COMPANIES. 



301 



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AGENTS 



OF 



LIFE AND ACCIDENT COMPANIES. 



303 



LIST OF AGENTS AND SUB-AGENTS 

AUTHORIZED AT DATE <>F PUBLICATION OF THIS REPORT. 

9 MARKED*. 



.VINA LIFE INSURANCE CO., Hartford, Conn. 



oa. 


Residence. 


HES. 


Residence. 


r, IHvipht,* . 
Rioha D. f . 
Safibrd, Henry 0., . 

Tiorci . . 

Kent, J. D 

Perry, Charles B., . 
Bmith, Geo. E.. 


Boston. 
Boston. 
;on. 
' in. 
Wnllaston. 
Millburv. 
W< >rcester. 


Newton, Addison V., 
Frost, James L , 
AVilcox, Edwin C , 
Pierce, C. H. * 
Walsh, W. K.. 
Wilcox, Augustus S., . 


"Worcester. 

Maiden. 

Springfield. 

Northampton. 

Greenfield. 

Bridge water. 



ACCIDENT INSURANCE CO. OF N. A., Montreal. 



Clark. Curt 


Boston. 


Burleigh, 0. H. * 


. ' Natick. 


v .• . 


Boston. 


Packard, W. M.,* 


. ' Quincv. 


ce, D. R.,* . 


Lowell. 


Ballard, E. 0.,* 


. Marlborough. 


Lvnch, Thos. D.,* . 


North Adams. 


Lamb, Libertv,* 


. Webster. 


Towle. Olin C.,* . 


Westfield 


Cook, Charles C.,* 


. Fall River. 


Stannanl, J. II.,* . 


Lawrence. 


Capron, Elijah,* 


. Attleborough. 


Jiuld, Fred A.,* . 


Springfield. 


Stone, Emerson,* 


. Spencer. 


Magna, A. G.,* 


Holvoke. 


Parker, F. S.,* 


. * Pittsfield. 


Knight, Thos. B. * . 


Lvnn. 


Averill, D. T.,* 


. Campello. 


Knox, J. B. * . 


Worcester. 


Hodges, A. B., & C 


o.,* . Taunton. 


Combs, E. J.,* 


Pittsrield. 


McLaughlin, John 


T. * . 1 Mil ford. 


Coleman, John B ,* 


Lowell. 


Wood, Chas. A.,* 


. Hudson. 


McElligott, M. J.,* 


Pea body. 







AMERICAN SURETY CO., New York. 


Coffin, Henrv P.,- . . Boston. Shepard, J. M.,* . 
Ladd Bros. & Co.,* " . Springfield. Aldrich, Chas. F. * 


. Fall River. 
. Worcester. 

I 




AMERICAN STEAM BOILER INSURANCE CO., N 


ew York. 





OBrion. Thos. L.* . Boston. 
Seeley, A. Barry,* . . Boston. 
Lord, E. A.,* . . . Boston. 



Sargent, J. Q. A. * . 
Lockey & Allison,* 



East Boston. 
Fitchburg. 



CONNECTICUT GENERAL LIFE INSURANCE CO., Hartford. 



Bancroft, Charles A.,* . Winchendon. 
Field, Edwin G.,* . . Worcester. 



Laws, Alfred,* . . Brockton. 
Woodbury, Levi,* . . , Charlestown. 



305 



306 AGENTS AND SUB-AGENTS. [Dec. 31, 

CONNECTICUT MUTUAL LIFE INSURANCE CO., Hartford. 



Nahks. 


Residence. 


Names. 


Residence. 


Kilburn, Daniel W.,* . 


Boston. 


Fogg, Julian A., 


Salem. 


Chandler, S. B., 


Boston. 


Leach, Rufus S., . 


Springfield. 


Williams, Geo. B., . 


Boston. 


Morris & Farrington,* . 


Monson. 


Hibbard, Geo. A., . 


Boston. 


Hadger, Erastus B., 


Boston. 


Wales, E. C , . 


Boston. 


Cook, Chas. B., 


Fall River. 


Page, Arthur II., . 


Boston. 


Coolidge, Augustus,* 


Athol. 


Newton, John F.,* . 


Boston. 


Craine, R. D., . 


Winchendon. 


Smith, E. Warren, . 


Chelsea. 


Danforth, W. S. ,* . 


Plymouth. 


Crooks, John W., . 


Chelsea. 


Dinsmore, C. M. * . 


Clinton. 


Norwood, John K.,* 


Lawrence. 


Fay, Sylvanus B , . 


Boston. 


Stacy, S. A. * . 


Gloucester. 


Fletcher, VV. W., . 


Webster. 


Merrill, A. II. * . 


Peabody. 


Fessenden, Geo. R., 


Westfield. 


Bruce, Charles E., . 


Maiden. 


Gage, Warner B., . 


Worcester. 


Orvis, John, . 


Jamaica Plain. 


Hammond, J. C, . 


Taunton. 


Sargent, Moses H., 


Newburyport. 


Jillson, Emma R., . 


Springfield. 


Butler, Chas. C, . 


Boston. 


Kaulback, Geo. H. * 


Greenfield. 


Chaffee, J. C.,* 


Lee. 


King, Simeon E., . 


Worcester. 


Clark, Ernest C.,* . 


Holyoke. 


Lincoln, W., & Co.,* . 


Warren. 


Cook, Chas. L., 


Conway. 


Patrick, Joseph E.,* 


Chicopee. 


Stone, Edwin H., . 


Boston. 


Stiles, Walter F., . 


Fitchburg. 


Danforth, Samuel G., . 


Beverly. 


Walker, Oliver* . 


Northampton. 


Brockway, Henry S., 


Charlestown. 


Wellington, H. H.,* 


Adams. 


Johnson, John H., . 


Boston. 


Spooner, Myron B , 


Springfield. 


Parks, Wm., . 


South Boston. 


Welch, Wm. H., . 


Newburyport. 



EMPLOYERS' LIABILITY ASSURANCE CO., England. 



Appleton, Samuel J.,* . 


Boston. 


Hayward, F. L., 


Boston. 


Bevington, Thos.,* . 


Lawrence. 


Whittemore, Gelston, . 


Boston. 


Carleton, W. A.,* . 


Boston. 


Kaulback, Geo. H.,* . 


Greenfield. 


Endicott & Macomber,*. 


Boston. 


Parks, W. S., 


Boston. 


Howland & Faunce,* . 


Abington. 


King, Simeon E., . 


Worcester. 


Mitchel, D. L., 


Taunton. 


Vanorum, Willfred F., . 


Boston. 


Parker, A. T., & Co. ,* . 


Attleborough. 


Barton, S. R.,* 


Webster. 


Tinker, Giles K.,* . 


North Adams. 


Goodrich, Chas. S., 


Lynn. 


Kimball, Geo. H., . 


Boston. 


Moody, Chas. E., . 


Boston. 


Boyer, Geo. S., 


Braintree. 


Butler, Chas. C, . 


Tewksbury. 


Keating, J. B., & Co., . 


Hyde Park. 


Copeland, Chas. W., 


W.Bridgcwatcr 


Kimball, Jas. D., . 


Orange. 


Rose, Wm. G., 


Boston. 


Howard, Emery A., 


Bayview. 


Parmalee, W. G., . 


Boston. 


Johnson, Dana A., . 


Fall River. 







Anderson, E. R., . 


Boston. 


Stocking, Geo. L., . 


Boston. 


Thayer, W. D., 


Boston. 


Wright, John A., . 


Boston. 


Niver, J. B., . 


Boston. 


Hatfield, John W., 


Newton. 


Marter, F..B. K., . 


Boston. 


Smith, A. D., 3d, & Son, 


Boston. 


Warren, Nathan.* . 


Boston. 


Briggs, James W., . 


Boston. 


Lake, James II., . 


Boston. 


Mudie, Rob't, 


Boston. 


McCleary, S. F.,* . 


Boston. 


Gillard, Geo. E , . 


Boston. 


Bridges, J. P., 


Tyngsborough. 


Blanchard, W. E., . 


Boston. 


Brown, B. F., . 


Boston. 


Starkey, Peter, 


Boston. 


Dame, Henry, 


Cambridge. 


Albercassis, S., 


Boston. 


Kdes, Robert B., . 


Boston. 


Newton, F. C, 


Quincy. 


Johnston, W. C, Jr., 


Boston. 


Rogers, Wm. R., . 


Worcester. 


Flint, Wdlis E., . 


Danvcrs. 


Keltic, Jas. H., 


Boston. 


Byde,T. R., . 


Boston. 


Gordon, Henry, 


Boston. 


Nelson, Charles 0., 


Boston. 


Hathaway, Geo. F., 


Boston. 


Lncas, Geo. E., 


Boston. 


Sullivan, D. V., . 


Fall River. 


Smith, James M., . 


Boston. 


Langlois, F. E., 


Fall River. 



1888.] 



AGENTS AND SlT>-A(iENTS. 



307 



EQUITABLE LIFE— Concluded. 



NlMI -. 


Residence. 


Names. 


Residence. 


Kirk, Martin. . 


Fall River. 


Simmons, Henry K.,* . 


Springfield. 


Sullivan, Michael II., 


Fall River. 


Sleeper, A. M., 


Springfield. 


Rowland, 8. P., . 


Fall River. 


Hillyer, S. H., 


Palmer. 


Foley, Laurence, . 


Fall River. 


Hale, David, . 


Springfield. 


Memo, J. J., . 


Fall River. 


Slate, K. T., . 


Turner's Falls. 


Hatch, Fred. A., . 


New Bedford. 


Collins, M. B , 


Turner's Falls. 


Snow, Qeorge B., . 


New Bedford. 


Roche, Thomas, 


South Deerfield. 


Bradford, J. E., . 


Worcester. 


Ilaynes, Clifford C, 


Springfield. 


Tvlce. W. II .,. 


Worcester. 


Wells, James R., . 


Springfield. 


Phelps, Willis I., . 


Worcester. 


Bentley, Solon M., 


Holyoke. 


Pike, J. F 


Worcester. 


Williams, T. C., . 


Sheffield. 


Fay, Charles, . 


Springfield. 


Smead, C. W., 


Greenfield. 


Chamberlain, E. II., 


Worcester. 


Bourke, Patrick, • . 


Greenfield. 


Burke, Thomas S.,* 


Marlborough. 


Maassen, R., . 


Springfield. 


Walsh, J. F 


Millbury. 


Kirk, E. A., & Co.,* 


Palmer. 


Dunham & Tratford,* . 


Fall River. 


Willson & Reed,* . 


Pittsfield. 


Cotters, John B., . 


Fall River. 


Dowlin, Ralph M., 


North Adams. 


Sisson, Wm. A., 


Fall River. 


Turner, J. M. * 


Northampton. 


Mellen & Leach, 


Brockton. 


Tandy, Chas. E., . 


Taunton. 


Travers, Michael B., 


Boston. 


Morse, Levi A., 


Taunton. 



FIDELITY AND CASUALTY CO., New York. 



Miller, Geo. F.,* . 
Ellison, Coolidge& Co. ,* 
Holden, Charles W.,* . 
Childs, Asaph P.,* 
Pierce, Chauncey H.,* . 
Priestley, George,* 



North Adams. 

Boston. 

Boston. 

Springfield. 

Northampton. 

New Bedford. 



Tucker, C. D. ,* 
Johnson, R. B., & Son,* 
Combs, Edgar J.,* . 
Wellington, H. H. ,* 
Willson & Reed * . 



Worcester. 

Holyoke. 

Pittsfield. 

Adams. 

Pittsfield. 



GERMANIA LIFE INSURANCE CO., New York. 



Newman, Paul,* . 
Levison, Sigmund, . 



Boston. 
Springfield. 



Zaeder, Benjamin, 



Worcester. 



GUARANTEE COMPANY OF N. A., Montreal. 



Gregerson, George W.,* 



Boston. 



HARTFORD STEAM-BOILER INSURANCE CO., Conn. 


Roberts, C. E.,* . 


Boston. 


Robinson, Robert B.,* . 


Westfield. 


Allen, W. H.,* 


Newtonville. 


Perkins, Lyman B.,* 


Springfield. 


Blenkinsop, James S.,* . 


Dorchester. 


Thompson, Wm. M.,* . 


Brockton. 


Frye, Henry A.,* . 


Dorchester. 


Kirby & Putney* . 


Fitchburg. 


Kennerson, Levi,* . 


Boston. 


Slade, J. P., & Son,* . 


Fall River. 


Chamberlain, E. G.,* . 


Alls ton. 


Church, H. C, & Son,* . 


Lowell. 


Ludham, James H.,* 


Boston. 







LLOYDS PLATE-GLASS INSURANCE CO., New York. 



Godding, Fred. L.,* 
Slade, John P., & Son,* 
Steele, George,* 
Judd & Parsons,* . 



Boston. 
Fall River. 
Gloucester. 
Holyoke. 



Lewis & Newhall* 
Ballard, E. O. ,* . 
Green, Wm. S.,* . 
Coolidge, Augustus,* 



Lynn. 

Marlborough. 
Fall River. 
Athol. 



308 AGENTS AND SUB-AGENTS. [Dec. 31, 

LLOY DS PLATE-GLASS — Concluded. 



Namks. 


Residence. 


Names. 


Residence. 


Judd, F. A.,* . 
Grinnell, A., <Sc Co. * 
Miller, Geo. F.,* . 
Parker, Fred. S. * . 
Crowell, John F.,* . 


Springfield. 

New Bedford. 
North Adams. 
Pittsfield. 
Worcester. 


Phillips, E. M , & Son* 
Upton, Daniel,* 
Robinson, It. B.,* . 
Dunn cS: Dunn,* 
Walker, Oliver, 


Sonthbridge. 
Adams. 
Westfield. 
Gardner. 

Northampton. 



HOME LIFE INSURANCE CO., New York. 



Osborne, Edwin H., . 



Boston. 



MANHATTAN LIFE INSURANCE CO., New York. 



Burr, Buchanan,* . 


Boston. 


Cunningham, 0. W., 


Lowell. 


Crowell, Nathan,* . 


Boston. 


Moulton, John S., . 


Boston. 


Crowell, Charles F., 


Boston. 


Brown, Geo. H., 


Boston. 


Thomas, Stephen S., 


Lynn. 


Barnstead, Rich. W., 


Stoneham. 


Hayden, Lewis, 


Milford. 


Everett, Thos. M., . 


Charlestown. 


Waddell, Gordon H., . 


Boston. 


Greenleaf, Jas. E., . 


Charlestown. 


Wilmarth, Lemuel B., . 


Milford. 


Woodward, Mathew W., 


Boston. 


Dacey, Cornelius J., 


Boston. 


Pettigrove, E. H., . 


Boston. 


Stewart, Joseph I., . 


Boston. 


Howe, L. H., . 


Hyde Park. 


Wood, Adee H., . 


Boston. 


York, Edward L., . 


Boston. 


Dorr, Eben M., 


Needham. 


O'Connell, John D., 


Cambridge. 


Waters, W. C, 


Salem. 


Adsit, W. H 


Salem. 


McFeeley, Michael, 


Boston. 


Heslin, Patrick, 


Lowell. 



METROPOLITAN LIFE INSURANCE CO., New York. 


Ripley, Thomas H., 


Lawrence. 


Lynch, William H., 


Haverhill. 


Ogilvie, John, 


Lawrence. 


Moring, E. John, . 


Haverhill. 


Hopping, Thomas, 


Lawrence. 


Farnham, Hiram II., 


Haverhill. 


Bowers, Robert, 


Lawrence. 


Unsworth, Edwin, . 


Haverhill. 


Laurie, Alex., . . . 


Lawrence. 


Watson, Moody M., 


Haverhill. 


Woodwell, Frank A., . 


Newburyport. 


Breck, Edwin B., . 


Haverhill. 


South, Fredk. H., . 


Newburyport. 


St. Hilaire, J. V., . 


Haverhill. 


Greaney, Michael, . 


Newburyport. 


McGeever, Thos., . 


Lowell. 


Allen, Charles H., . 


Newburyport. 


Haworth, W. R , . 


Lowell. 


Jeffrey, Charles E., 


Newburyport. 


Moran, James L. C, 


Lynn. 


Kenney, VVm. P., . 


Lawrence. 


Shea, John, . 


Lynn. 


Rinn, Michael, 


Lawrence. 


O'Keefe, William M., . 


Lynn. 


Hennessy, Maurice, 


Newburvport. 


Brown, Henry B., . 


Lynn. 


Levasseur, Michael H., . 


Lawrence. 


Cunningham, D. L., 


Lynn. 


McDonnell, Wm J., 


Lawrence. 


Martin, Eben S., . 


Lynn. 


McKenzie, John P., 


Lawrence. 


Bartlett, Edw. B., . 


Lynn. 


Curran, John J., 


Lawrence. 


Russell, George W., 


Lynn. 


Craven, James F., . 


Lawrence. 


Greene, Alfred A., . 


Lynn. 


Verriest, John A., . 


Lawrence. 


Bushek, Henry, 


Salem. 


Dearden, Joseph, . 


Lawrence. 


Rcmillard, Edward, 


Salem. 


Seuss, George, 


Lawrence. 


Otley, Edward J., . 


Salem. 


Burnham, Wm. H., 1 


Lawrence. 


Brie, Jno. J., . 


Salem. 


Maguire, George E., 


Lawrence 


Murphy, Richard J., 


Salem. 


Frye, Frank E., 


Lawrence. 


Dupont, Isaac, 


Salem. 


Fisher, Samuel, 


Lawrence. 


Rice, Daniel A., . . 


Salem. 


Burnham, Win. II.,- 


Lawrence. 


Blatchford, Wm. H., . 


Gloucester. 


Dolan, Terence, 


Lawrence. 


Pen fold, John, 


Salem. 


Doyle, Matthew, . 


Lawrence. 


Hennessey, Patrick, 


Gloucester. 


Triston, Bartlett, . 


Lawrence. 


Murphy, John It., . 


Gloucester. 


Wild, John, . 


Haverhill. 


Smith, Geo. W., . 


Salem. 


Colbath, Frank L., . 


Haverhill. 


lluby, Wilfield S., . 


Salem. 



1888.] 



AGENTS AND SUB-AGENTS. 

METROPOLITAN LIFE — Continued. 



309 



MKS. 


Besidenee. 


Names. 


Residence. 


Mclnnis, Roderick II., . 


Lynn. 


Hawkins, William H., . 


Worcester. 


Forest, Chas. A., . 


Salem. 


Bryant, William, . 


Worcester. 


Melntyre, Peter, . 


Gloucester. 


( lnnie, John, . 


Worcester. 


Moxey, Frank,* 


Salem. 


Mullin, Patrick J., . 


Worcester. 


Bailey, Thomas,* . 


Fall River. 


Williams, E. 0., . 


Worcester. 


Town ley, Richard, 


New Bedford. 


Minor, John, . 


Worcester. 


Bowker, William, . 


New Bed ton 1. 


Whalen, William J., . 


Worcester. 


Schofield, Herbert 


New Bedford 


Healy, Charles H.,* 


Pittsfield. 


Ferns, Joseph. 


New Bedford. 


Reagan, Dennis J., 


Pittsfield. 


Davis. Samuel, 


New Bedford. 


McGinaty. Richard, 


Pittsfield. 


Loftus, Anthony, . 


New Bedford. 


Robinson, Freeman L., . 


Pittsfield. 


Doyle, James, 


New Bedford. 


Combs, Horace T., 


Pittsfield. 


O'Brien, Timothy, . 


Fall River. 


Lynch, James, 


Pittsfield. 


Imhoff, Bdward, 


Fall River. 


Lyons, Thomas F., 


North Adams. 


tt, Jno. By., . 


Fall River. 


Donovan, Michael, 


Springfield. 


Myers, William, 


Fall River. 


Ansbro, James, 


Springfield. 


Leonard, Joseph, . 


Fall River. 


Allen, Richard, 


Springfield. 


Holland, William, . 


Fall River. 


Maloney, Owen, 


Springfield. 


Thibanlt, Thomas D., . 


Fall River. 


Miller, Herman C, 


Springfield. 


Kimball, John, 


Fall River. 


Johnson, J. A., 


Westfield. 


Conghling, Daniel, 


Fall River. 


Martin, Haskell C, 


Springfield. 


Westell, Joseph, 


Fall River. 


Wood, Joseph R., . 


Springfield. 


Redfearn, James C, 


Fall River. 


Sullivan, Barth., 


Holyoke. 


Jackson, Edward S., 


Fall River. 


Fzold, Emil R., . 


Holyoke. 


Redfearn, Frederick G., 


Fall River. 


Kellv, James, 


Holyoke. 


Clarke, Jno. Hy., . 


Fall River. 


Garrity, Thos. H., . 


Holyoke. 


Watson, Henry, 


Fall River. 


Stansfield, Thos., . 


Northampton. 


Wilds, Lewis, . 


Fall River. 


Lovenbein, Jos., 


Northampton. 


Hanover, Walter, . 


Fall River. 


Bush, Chas. R., Jr., 


Holyoke. 


Forrest, Charles, . 


Fall River. 


Minks, James, 


Holyoke. 


Arden, Thomas H-, 


Fall River. 


Warren, Geo., 


Northampton. 


Montefiore, James, 


Fall River. 


O'Connell, M. R., . 


Holyoke. 


Hanson, Joseph, 


Fall River. 


Wernett, Lester, . 


Holyoke. 


Campbell, Sylvester, 


Fall River. 


Allen, Patrick, 


Holyoke. 


Piggott, Benjamin, 


Fall River. 


Falkner, Jacob, 


Holyoke. 


Halstead, James, . 


Fall River. 


Porter, James, 


Holyoke. 


Vanghan, Joseph, . 


Fall River. 


Thornton, Albert J., 


Holyoke. 


Thornton, William, 


Fall River. 


Grenier, Arthur A., 


Holyoke. 


Brightman, William H., 


Fall River. 


Hamilton, Frank, . 


Holyoke. 


Travis William H., 


Taunton. 


Madden, James, 


Holyoke. 


Nuttall, Isaac, 


Taunton. 


Genors F. M., 


Holyoke. 


Dunlearv, Richard, 


Taunton. 


Flowers, John B., . 


Boston. 


Gay, Cecil C , 


Taunton. 


Watt, William, 


Boston. 


Barlow, William, . 


Taunton. 


Anderson, William, 


Boston. 


Barnbrook, Benjamin, . 


Worcester. 


I Carroll, John P., . 


Boston. 


Banaghan, William, 


Worcester. 


Doyle, John A., 


Boston. 


Crowley, Jeremiah, 


Worcester. 


Warring, Albert M., 


Boston. 


Dowd, Patrick J., . 


Worcester. 


Rand, George F., . 


Boston. 


Billington. Geo. W., 


Worcester. 


Matheson, Roderick D., 


Boston. 


Currier, Horace H., 


Worcester. 


Aver, Ernest L., 


Boston. 


Fitzgerald, Joseph W., . 


Worcester. 


Hague, Daniel, 


Boston. 


Gorman, Patrick, . 


Worcester. 


McGregor, William, 


Boston. 


Linnell, Charles W., 


Worcester. 


Sparling, Leaver, . 


Boston. 


Burnett, Henry C, 


Worcester. 


Clearv,' Thomas W., 


Boston. 


Manning, Thomas, 


Worcester. 


White, Alfred C, . 


Boston. 


Blair, John, . 


Worcester. 


Heath, Herbert E., 


Boston. 


Wilson, Geo. H, . 


Worcester. 


Noble, William C. P., . 


Boston. 


Pickering, William, 


Worcester. 


Lewin, Joseph, 


Boston. 


Dooley, Patrick J., 


Clinton. 


Hog£, Patrick J., . 


Boston. 


Dolan, Michael F., 


Clinton. 


Taylor, David, 


Boston. 


Downey. Lawrence, 


Clinton. 


Linscott, Frank H., 


Boston. 


Kelley, Michael J., 


Clinton. 


Hatfield, Clifford, . 


Boston. 


Leroy, Leander 8., 


Fitchburg. 


McMullen, John S-, 


Boston. 


Carlisle, James B., 


Clinton. 


Dilworth, John, 


Boston. 


Lufkin, George, 


Worcester. 


Koppehel, Emil L. H., . 


Boston. 


Conway, John, 


Worcester. 


Bishop, Michael J., 


Boston. 



310 AGENTS AND SUB-AGENTS. [Dec. 31, 

METROPOLITAN LIFE— Con tinned. 



Names. 


Kesidence. 


Names. 


Kesidence. 


Dixon, James H., . 


Boston. 


Arnold, Rob't F., . 


Cambridge. 


Hussey, Joseph E., 


Boston. 


Hatch, George E., . 


Cambridge. 


Nolan, Patrick J., . 


Boston. 


Scales, Horace, 


Cambridge. 


Barclay, Henry, 


Boston. 


Foley, Daniel J., . 


Cambridge. 


Connor, Frank J., . 


Boston. 


Smith, Thos. A., . 


Somerville. 


Janse, James, . 


Boston. 


Shiner, Joseph E., . 


Somerville. 


Baker, John H., 


Boston. 


Howes, Frederick S., 


Somerville. 


Mahone} T , John H., 


Boston. 


Blackall, John, 


! Somerville. 


Bragal, George H., 


Boston. 


Blacker, William, . 


Somerville. 


Cole, William E., . 


Boston. 


Hoffman, Frank L., 


Somerville. 


Ballantyne, Hugh, 


Boston. 


Blackburn, George,* 


Somerville. 


White, John, . 


Boston. 


Hawks, John W., . 


Waltham. 


Murphy, William H., . 


Boston. 


Sykes, John, . 


Somerville. 


Twomey, John H., 


North Boston. 


Campbell, Alonzo, . 


Charlestown. 


French, Hobert W., 


North Boston. 


Yetten, Jasper H., . 


Charlestown. 


Bartley, Edward T., 


North Boston. 


Prince, Joseph H., . 


Cambridge. 


McKinnon, Neil, . 


North Boston. 


Drouet, Charles,* . 


Boston. 


Melville, Thomas, . 


North Boston. 


Black, Henry D., . 


Boston. 


Roberts, William H., 


North Boston. 


Black, Charles Franklin, 


Boston. 


Young, B. Franklin, 


North Boston. 


Dolph, John, . 


Boston. 


Gilbraith, James, . 


North Boston. 


France, Ike, . 


Boston. 


Gravelle, Theodore, 


North Boston. 


Halstead, George W., . 


Boston. 


Dugan, James H., . 


North Boston. 


Montgomery, Hugh G., . 


Boston. 


Grant, George S., . 


North Boston. 


Clancy, Edward F., 


Boston. 


Stoddard, Elmer A., 


North Boston. 


Chase, James F., . 


Boston. 


Young, Barton B , . 


North Boston. 


Emptage, A. J.,* . 


Springfield. 


Shields, James, 


North Boston. 


Howard, Thomas, . 


Palmer. 


Kirk, George H., . 


North Boston. 


Goodyear, S. E., . 


Springfield. 


Tuck, Warren H., . 


North Boston. 


Cook, Peter J., 


Springfield. 


Port, John, 


North Boston. 


Bowman, Geo. R., . 


Palmer. 


dishing, Charles, . 


North Boston. 


Bangs, Gilbert V., . 


Chicopee. 


Callahan, Timothy J., . 


North Boston. 


Bowman, Chas., 


Ludlow. 


Brophy, James F., . 


North Boston. 


Manning, Frank, . 


Springfield. 


Rendle, Wm. Spurgeon, 


North Boston. 


Cunliffe, Ellis, 


Springfield. 


Goodwin, James F., 


North Boston. 


Quigley, Leigh R., . 


South Boston. 


Mullally, James YV\, 


North Boston. 


Mahoney, John W., 


South Boston. 


Daley, James F., . 


North Boston. 


Phillips, Joseph H., 


South Boston. 


Dorofsky* Samuel H., . 


North Boston. 


Sawyer, George D., 


South Boston. 


Sullivan, Timothy A., . 


North Boston. 


Higgins, Wm. F., . 


South Boston. 


Nottage, Trueman A., . 


North Boston. 


Breese, Warren G., 


South Boston. 


Bruen, Richard J., . 


North Boston. 


Browne, John, 


South Boston. 


McEachian, James L., . 


North Boston. 


Fitzgerald, Patrick F., . 


South Boston. 


Grant, Herbert A., . 


North Boston. 


Holmes, William H., 


South Boston. 


Parker, Edgar T., . 


North Boston. 


Duggan, A. S., 


South Boston. 


DcReef, Richard E., 


North Boston. 


Bugbee, Asa, . 


South Boston. 


Hitchens, Edwin,*. 


Boston. 


Hatfield, Fenwick W., . 


South Boston. 


Jones, Arthur W., . 


Boston. 


Jones, Robert F., . 


South Boston. 


Briggs, James, 


Boston. 


Gray, Geo. A., 


South Boston. 


Bell, Frank E., 


Charlestown. 


Gray, Chas. W., . 


South Boston. 


Knight, Harland P., 


Charlestown. 


King, John J., 


South Boston. 


O'Brien, John D., . 


Charlestown. 


Lavers, Samuel A., 


South Boston. 


Baker, Thomas, 


Somerville. 


Sampson, Thomas J., . 


South Boston. 


Trescott, George AV., 


Somerville. 


Sanders, Thomas, . 


South Boston. 


Duddy, John W., . 


Somerville. 


Fairclough, Robert P., . 


South Boston. 


Dawson, Eddison W., . 


Somerville. 


Sullivan, Matthew W., . 


South Boston. 


Alberty, Antonio, . 


Somerville. 


Smart, Alfred, 


South Boston. 


Evans, Frank H., . 


Somerville. 


Hatfield, George B., 


South Boston. 


Carroll, John D., . 


Somerville. 


Roberts, Chas. R.,* 


South Boston. 


Vyse, Thos. II., 


Somerville. 


Welch, Edmond A., 


South Boston. 


Fitiley, Wm. W., . 


Somerville. 


llaneisen, Charles, . 


South Boston. 


Pearse, Henry J., . 


Somerville. 


Marsh, George F., . 


South Boston. 


Marsh, John W., . 


Somerville. 


Gardner, Gerald A.,* 


Boston. 


Murphy, William J., . j 


Somerville. 


Gardner, Clarence J., 


Boston. 


Daley, John K., 


Cambridge. 


Adams, Alexander, 


P>o^ton. 


Phalen, Wm. E., . 


Cambridge. 


Perry, Aubrey G., . 


Boston. 


I'l ii miner, Frederick A., 


Cambridge. 


Barbour, Peter, 


Lowell. 



1888.] 



AGENTS AND SUB-AGENTS. 

M KTROPOLTTAN LIFE — Concluded. 



311 



Nam ks. 



Dnmflrej, Tboe. P., 
Coggeshall, P. II., . 

Nicholson, John, . 

Armstrong, w. J., . 

Johnson, John, 
O'Donohoe, James, 
Kennedy, Win., 

Doherty, .Tamos, 
Tallant, Hamilton II., 

Burke, Stephen, 

Kennedy, William, 
Bykes, .lames. 
Brown, Joseph, 
Callaghan, Thos., . 
Sayers, Thos. J., . 
McGowan, Edw., . 
Fleming, James, 
Martin, Joseph A., . 

Paiiier, Julien, 
Gilbride, John A., . 



Residence. 



Lowell. 
Lowell. 

Lowell. 
Lowell. 
Lowell. 
Lowell. 
Lowell. 
Lowell. 
Lowell. 
Lowell. 
Lowell. 
Lowell. 

Lowell. 

Lowell. 
Lowell. 
Lowell. 
Lowell. 
Lowell. 

Lowell. 
Lowell. 



Names. 



McKay, Peter, 
Blake, John R.,* 
Dodge, Jesse F., 
Callanan, Pat., 
Broadhead, Fred. B., 
Broadbent, Geo.,* 
Gil lis, August, 
Moran, James, 
O'Keefe, James, 
O'Leaiy, Cornelius, 
Norroy, Fritz, 
Broadbent, John, 
Sass, w. II., . 
Fryes, George M., 
Hewsen, Thos., 
Stewart. John W., 
Burns, B. A., . 
Gillis, Francis A., 
Campbell, George, 



Residence. 



Lowell. 

Holyoke. 

Holyoke. 

Holyoke. 

Holyoke. 

Brockton. 

Brockton. 

Brockton. 

Brockton. 

Brockton. 

Brockton. 

Brockton. 

Quincy. 

Brockton. 

Quincy. 

Quincy. 

Brockton. 

Brockton. 

Brockton. 



M I . TROPOLITAN PLATE-GLASS INSURANCE CO., New York. 



Whitney, William G.,* . 


Boston. 


Anthony, Arthur,* 


Fall River. 


Johnson, R. B., & Son,* 


Ilolvoke. 


Lyman, Herbert,* . 


Westfield. 


Usher, L. B. * 


Lvnn. 


Nutting, A. F. * . 


Northampton. 


Nash, E. H.,*. 


Pittsfield. 


Warrener, S. C. * . 


Springfield. 


Eldred, Edwin, & Co *. 

• 


Worcester. 


Cook, Samuel H.,* 


New Bedford. 



MUTUAL LIFE INSURANCE CO., New York. 



Sutton, George II.,* 


Springfield. 


Donnergan, John H., 


Boston. 


Wright, W. L , 


Springfield. 


Dwyer, Patrick D., 


Boston. 


Rennie, Z 0., & Son, . 


Springfield. 


Fowler, Edward R., 


Boston. 


Peckham, E. W., . 


Springfield. 


Frasier, Harriet H., 


Boston. 


Fallon, Maria L., . 


Springfield. 


Friend, Thaddeus E., . 


Boston. 


Smith, Charles M., 


Springfield. 


Gannett, Howard, . 


Wollaston. 


Bowker, Chas. H , . 


Worcester. 


Keep, Frederick E., 


Brookline. 


Whipple, Franklin, 


Worcester. 


Lambert, Thos. E., 


Boston. 


Miller, F. M 


Bernardstown. 


Manley, Francis E., 


Boston. 


Hillery, M C, 


Gardner. 


McGregor, Alex., Jr., . 


Boston. 


Messenger, Chas. H., 


Hopedale. 


Newell, James S., . 


Brookline. 


How land, E. Harris,* . 


Spencer. 


Nolan, John H., 


Boston. 


Hobbs, George T.,* 


Uxbridge. 


Shelton, Richard C, 


Boston. 


Stevens, CG,& Son,* . 


Clinton. 


Spaulding, Geo. L., 


Boston. 


Lincoln, W. E , & Co.,* 


Warren. 


Tancred, Peter, 


Boston. 


King, John G., 


Chicopee. 


Tarbell, Charles W., . 


Boston. 


Wolcott, C. Brooks,* . 


Holyoke. 


Tripp, Pelatiah R., 


West Roxbury. 


Ulrich, Fred. H., . 


Greenfield. 


Washburn, Salmon, 


Boston. 


McCloud, Henrv M. * . 


Amherst. 


Winn, John S., 


Boston. 


Robinson, Robt. B.,* 


Westfield. 


Davis, Wm. E., . 


Beverly. 


Combs, Edgar J.,*. 


Pittsfield. 


Lee, Chas. F. * 


Beverly. 


Livermore, Frank H., . 


Pittsfield. 


Turner, Geo. C, 


Bradford. 


Ames, Charles C, . 


Melrose. 


Belcher, Chas. A. * 


Braintree. 


Bates, Henry A., . 


Boston. 


Holmes, Lewis, 


Bridgewater. 


Beebe, R. 0., . 


Boston. 


Perrigo, L. J.,* 


Boston. 


Benn, James C, 


Boston. 


Curtis, B. B., . 


Campello. 


Chesbro, Frank 0., 


Boston. 


Roberts, John H., . 


Chelsea. 


Crum, Geo. L., 


Somerville. 


Bush, Wm. M., 


Concord. 


Dixon, John W., . 


Roxbury. 


Davis, Edwin H., . 


Fall River. 


Dole, D. N., . 


Boston. ( 


Ruggles, Henry E., 


Franklin. 



312 AGENTS AM) SUP-AGENTS. [Dec. 31, 

MUTUAL LIFTS— Concluded. 



Names. 


Residence. 


Namks. 


Residence. 


McKennev, L. F., . 


Harwich. 


Bisset, D. J., . 


Boston. 


Fletcher, Edwin, . 


Lawrence. 


Cunningham, J. A , 


Lowell. 


Murphy, James,* . 


Lawrence. 


Gorman. Thos F., . 


Whitinsville. 


Dixon, J. M., . 


Lowell. 


Lawton, Edwin W., 


Ware. 


Wallace, D. R.,* . 


Lowell. 


Craig, Stedman W., 


Springfield. 


Goodrich, Charles S., 


Lynn. 


Punchard, Chas P., 


Framingham. 


Claflin, F. L., . 


Marlborough. 


Appleton, Zeno A., 


Rock port. 


Baker, George M, . 


Marshfield. 


Baker, George, 


Marshfield. 


Washburn, Nathan, 


Middleborough. 


Chambeiiain, Frank P., 


Med ford. 


Brock, J. C, . 


New Bedford. 


Chase, J. N., . 


Lvnn. 


Horton, R. R., 


No Eastham. 


Newell, Arthur H., 


Brookline. 


Nickerson, Reuben, 


Orleans. 


i Pierce, W. P., 


Brook line. 


Mendall, L. F.,* . 


Plainville. 


Seavcv, Manson, . 


Boston 


Sparrow, Harvey 0., 


Provincetown. 


! Abbott, H. C, 


Jamaica Plain. 


Pendergast, E. F., . 


S. Framingham. 


Fowler, A. G., 


Jamaica Plain. 


Jackson, Eben,* 


Somerville. 


Dixon, Henrietta L., 


Lowell. 


Crocker, Wilbur C, 


Wakefield. 


King, Herbert A., . 


Billerica. 


Giles, Newell,* 


Winthrop. 


1' Dodge, Fred. 0.. . 


Fall River. 


Swain, Win. H., 


Woburn. 


Lincoln, Chas.W., . 


Holbrook. 


Grant, Robert A., . 


Springfield. 


McKowen, Edward F., . 


New Bedford. 


Lathrop, Geo. J., . 


Leominster. 


Chase, W. E., 


Newburyport. 


Foster, Douglass B., 


E. Somerville. 


Willard, W. A. P., 


Waltham. 


Moss, James L., 


Westford. 


Sinnott, Chas. P., . 


Cambridge. 


Harriman, Susan A., 


Boston. 


Richardson, Geo. P., 


Boston. 


Smith, Henry M., . 


Worcester. 


Whiting, Edward H., . 


1 Boston. 



MUTUAL BENEFIT LIFE INSURANCE CO., Newark, N. J. 



Hedges & Hodges,* 


Boston. 


Young, E. Woodbury, . 


Springfield. 


Emerson, R. V. C, 


Boston. 


Cowles, 0. L., 


Springfield. 


McFarland, J. H., . 


Boston. 


Green, A. E., . 


Duxburv. 


Carroll, Lewis, 


Boston. 


Jordan, W. H. S., . 


Boston. 


Anderson, Jas. F., . 


Boston. 


Sillsbee & Geer ,* . 


Lynn. 


Cullington, John, . 


i Lynn. 


Thomas, Edward A.,* . 


Amherst. 


Woodbury, J. D., . 


Chicopee Falls. 


Horton, Sparrow,* . 


Woburn. 


Parmenter. Chas. 0., 


Amherst. 


Merrill, Frank M., . 


Lowell. 


Abbe, C. C, . 


Springfield. 


Parker, A. T., & Co. ,* . 


Attleborough. 


Tallman, J. R * . 


Taunton. 







NATIONAL LIFE INSURANCE CO., Vermont 



Arnold, J. W., 


Northampton. 


Quincy, Thos. W., . 


Haverhill. 


Averill, D. P.,* 


Campello. 


Smith, D. L., . 


Boston. 


Dyer, N. A., . 


Medford. 


Fay, Herman S.,* . 


Marlborough. 


Jones, Robert M., . 


Waltham. 


Rogers, S. W., 


Harwich. 


Kingman, Martin, . 


Brookline. 


Merrill, E. S., . 


Winchcndon. 


Moore, A. P., . 


Maiden. 


Tucker, C. D * 


Worcester. 


Phelps, James T.,* 


Boston. 


Childs, S. A , . 


Fitchburg. 


Pike, J. F 


Worcester. 


Hadlev, A. W., 


New Bedford. 


Bridgeman, M. B., . 


Somerville. 


McLaughlin, John T.,* . 


Milford. 


Duplessis, Thos., . 


Chicopee. 


Rorabach, J. 0., 


Boston. 


Webb, Allen E., . 


Norwood. 


Ellis, E. S., . 


Yarmouthport. 


Mathison, A.,* 


Springfield. 


Andrews, Geo. W., , 


Orange. 



NEW YORK LIFE INSURANCE CO., New York. 



Calef, Benjamin S.,* 
Childs, Asaph P.,* 



Boston. 

Springfield. 



Miller, George F.,* 
Tinker, Giles K.,* . 



North Adams. 
North Adams. 



L888.] 



AGENTS AND SUB-AGENTS, 

NKW YORK LIFE — Concluded. 



313 



N VMKS. 


Residence. 


Names. 


Residence. 


Wellington, H. 11.* 


Adams. 


Ball, W. G 


Haverhill. 


Shepard, J. M., Jr.,* 


Fall River. 


Cook, S. W 


Lowell. 


Webber, Frederick,* 


Pittsfleld. 


Frizzell, F. H., 


Lynn. 


Warrener, S. c.,* . 


Springfield. 


Gilbert, Ellery T., . 


Cambridgeport. 


Cook, C. L..* . 


Conway. 


Mosher, A. J., 


Boston. 


CliiKls, Rollin 8., . 


Springfield. 


Proctor, J. C, 


Boston. 


Clark, H. 8., . 


w. warren. 


Stone, Joseph, 


Winchester. 


Hoyt, (uistavus, 


Shelburne Falls. 


Swift, Stephen, 


Brockton. 


Lincoln, A. J., 


Northampton. 


Conch, W. H., 


New Bedford. 


Rodd, Adolphus, . 


Springfield. 


Bates, W. C, . 


Newton. 


Somes, John K., 


Springfield. 


Hill, Thomas H., . 


Woburn. 


Ball, Benjamin A., 


Boston. 


Howard, C. H., 


Worcester. 


Fox, Jacob, . 


Boston. 


Kerrigan, A. P. J., . 


Haverhill. 


Morrill, W. F., 


Boston. 


Jaqnes, A. P., 


Haverhill. 


Payson, 11. B , 


Boston. 


McMakin, Thos. I., 


Lawrence. 


Pillsbury, Samuel, . 


Boston. 


Austin, J. L., . 


Tannton. 


Warren, Geo. W., . 


Boston. 


Hows, J. W., . 


North Easton. 


Glover, Elliot, 


Boston. 


Bonghton, H. E., . 


Warren. 


Hyde, W. J., . 


Boston. 


Cowee, Chas. A., . 


Gardner. 


Carpenter, H. H., . 


Boston. 


Crowell, W. E., . 


Hyannis. 


Miller, Lyman G., . 


Boston. 


Parker, Win. E., . 


Salem. 


Raymond, J. H., . 


Haverhill. 


Besserer, L. T., 


Hoi yoke. 


Bridge, Jas. P., 


Tyngsborongh. 


Warren, J. M., 


Northampton. 


Yetten, Jasper H., . 


Waltham. 


Kingsley, Darwin P., 


Brookline. 


Slade, John P., 


Hingham. 


Swain, W. A., 


Natick. 


Ramsey, Jas. P., . 


Lowell. 


Chaffee, Albert H., 


Worcester. 


Hadley, Kdson P , 


Springfield. 


Murphy, Jas. S., 


Lowell. 


Stoddard, Joseph E., 


Hanover. 


Cogswell, Arthur C, 


Salem. 


Crnikshank, Robert, 


Boston. 


O'Brien, D. W., . 


Rockland. 


Cook, Lonis A., 


So. Weymouth. 


Bailey, Fred. J., . 


Holyoke. 


Haynes, Henry A., 


Boston.* 







NORTHWESTERN MUTUAL LIFE INSURANCE CO., Milwaukee. 



Kilgour, J. M.,* . 


Lowell. 


Bache, J. F., . 


Roxbury. 


Kilgour, J. Henry, . 


Lowell. 


Smith, Joseph G., . 


Lvnn. 


Kilgonr, Frank L., . 


Lowell. 


Colson, George E., . 


Lynn. 


Hill, W. W., . 


Lowell. 


Dean, Reuben, 


Lynn. 


Attwood, W. J., 


Amesbury. 


Small, Fred. C, . 


Lynn. 


Field, Lucius, . 


Clinton. 


Palmer, Herbert E., 


Natick. 


Holland, J. Douglass, . 


Newbury. 


Priestly, George,* . 


New Bedford. 


Bache cSc Smith* . 


Boston. 


Thornton, Alfred, . 


New Bedford. 


White, E. L., . 


Lynn. 


Buntin, F. M., 


Brockton. 


Lichenstein, C. B., . 


Dorchester. 


Burke, Eulic, . 


New Bedford. 


Crosbv, Samuel T., 


Boston. 


Sargent, Charles S.,* 


Lee. 


Hill, Chas. S., 


Peabody. 


Sargent, R. A., 


Merrimac. 


Capen, Samuel H., 


Canton. 


Dyer, Frank P., 


Hingham. 


O'Brien, J. J., 


Ayer. 


Nicholson, J. G., . 


Whitinsville. 


O'Boyle, W. J., 


Lowell. 


Upham, N. C, 


Fitchburg. 


Aitkens, B. A., 


Lawrence. 


, Beebe, R. 0., . 


Boston. 



PENN MUTUAL LIFE INSURANCE CO., Philadelphia. 



Plympton & Bunting,* . 


Boston. 


Estabrook, M. M., . 


Jamaica Plain. 


Murdock, L. A., 


Boston. 


Brown, Chas. A., . 


Maiden. 


Burleigh, Wm., 


Boston 


Sargent, Chas. M., . 


Boston, 


Plympton, H. F., . 


Worcester. 


Newell, Jas. S., 


Brookline. 


Knowlton, E. H., . 


Boston. 


Hume, Charles, 


Boston. 


French, George,* . 


North Adams. 


Miller, L. G., . 


Boston. 


Nicolaidse, Paul, . 


Boston. 


Holden, E. R., 


Boston. 



314 AGENTS AND SUB-AGENTS. [Dec. 31, 

PENN MUTUAL— Concluded. 



NAMK8. 


Residence. 


Names. 


Residence. 


Lovejoy, L. E., . . Boston. 
Barnard Bros.,* . . Boston. 
Googins, Wm. II., . . Boston. 
Clough, Geo. M., . . Boston. 


Train, Herman A., 
Hurlburt, Allen, 
Green, James, 
Strout, Silas F., 


Weston. 
Boston. 
Boston. 
Boston. 



PROVIDENT LIFE AND 


TRUST CO., Philadelphia. 


Holway, D. N. * . 


Boston. 


Millay, George A. * 


Taunton. 


Tozzer, S. C, . 


Lynn. 


Saunders, H. P., . 


Pittsfield. 


Gould, H. V., . 


Boston. 


Irwin, R. W 


Northampton. 


Karr, J. E., 


W. Gardner. 


Parsons, L. E., 


Holyoke. 


Dunn, Julian P., 


Gardner. 


Swanstrom, John E., 


Worcester. 


Miller, Geo. F.,* . 


North Adams. 


Bailey, Wilfred A., 


S. Framingham 


Eaton, Frank C., . 


Worcester. 


Wellman, Geo. H., 


Watcrtown. 


Green, Jas. S., 


Dorchester. 


Clark, Jas. C, 


Worcester, 


Thayer, Samuel R., 


Marblehead. 


Livermore, Frank H., . 


Pittsfield. 


C'ol)ourne, Fred., . 


Boston. 







PROVIDENT SAVINGS LIFE INSURANCE COMPANY, New York. 



Masters, Fred. W.,* 


Boston. 


Mosher, Almona, . 


Boston. 


Bucklev, Oliver H.,* . 


Boston. 


Hill, Charles F., J 
Cadwell, Adin L., .\ 


Allston. 


Clark, Ara FT, 


Worcester. 


Lowell. 


Dabney, Fred., 


Boston. 


Wilson, Alfred, 


New Bedford. 


Quinn, Samuel, 


Lowell. 







STANDARD LIFE AND ACCIDENT INSURANCE CO., Michigan. 



Tay & Bennett,* . 
Tierney, P. F.,* . 
Johnson, Wm. H.,* 
Norris & Corthell,* 
Spear, Francis A., 
Stearns Bros.,* 
Ball, Alfred, . 
Lee, Thos. C. * 
Lincoln, Levi, . 
Adams, J. Fred.,* 



Boston. 

Salem. 

Waltham. 

Hyde Park. 

Quincy. 

Boston. 

Boston. 

Lowell, 

Worcester. 

Haverhill. 



Baker, H. N., . 
Armington, J. Russell, 
Millay, George A.,* 
Eddy, Peleg E. ,* . 
Prescott, Josiah T., 
Hill, Edwin P., 
Black, R. W. ,* 
Keay & Folger, 
Strong, R. J., . 
Cogswell, Arthur C, 



Newton. 

Somerville. 

Taunton. 

Boston. 

Charlestown. 

West Roxbury. 

Gardner. 

Medford. 

Roslindale. 

Salem. 



TRAVELERS' INSURANCE CO., Hartford. 



Munson, Franklin H. B., 


Adams. 


Eaves, Wm. H., 


Boston. 


Lvon, Wm. 11., 


Amesbury. 


Fogg, Geo. ()., 


Boston. 


Brown, E. F., 


Athol. 


Jordan, Oliver W., 


Boston. 


Sanderson, Henry E., . 


Aver Junction. 


Peck, Chas. F., Jr., 


Boston. 


Holden, Charles W., . 


Boston. 


Simmons, Albert J., 


Boston. 


White, Jos. L., 


Boston. 


Pearce, Waldo A., . 


Boston. 


Ilanlcy, Thos. II., . 


Boston. 


Benchley, Geo. H., 


Boston. 


Palmer, L. H., 


Boston. 


Hervey, Merrill E., 


Boston. 


Raymond, Walter, . 


Boston. 


French, J. M., . . 


Boston. 


Richardson, Joshua \\\, 


Boston. 


Flanders, J. A., 


Boston. 


Kimball, Albert T., 


Boston. 


Ogier, Gilbert L., . 


Boston. 


Gray, Samuel, 


Boston. 


Dana, N. B., . 


Boston. 


Colvin, Horace J., . 


Boston. 


Beal, Edw'd F., . 


Boston. 


Noyes, Prank W., . 


Boston. 


Flanders, 1). J., 


Boston. 


Thorpe, Durrant, . 


Boston. 


Kendall, A. C, 


Boston. 


White, Emory A., . 


Boston. 


Austin, Chas. A., . 


Brockton. 



1888.] 



AGENTS AND SUB-AGENTS. 



315 



TRAVELERS'— Concluded. 



\ VMKS. 


Residence. 


Names. 


Residence. 


Greeley, Arthur W., 


Chelsea. 


Perry, Francis C, . 


Natick. 


rope, Frank \\'., . 


Clinton. 


Hcwins, Luther G., Jr., . 


New Bedford. 


Hunt, Geo. W., 


('uncord. 


Hubbard, C. 11., . 


North Adams. 


Bates, II. F 


E. Weymouth. 


Whiting, William II., . 


No. Brookfield. 


White, Chas. F. II., 


Fall River. 


Rodiman, Walter S., 


Northampton. 


Anderson, Samuel, 


Fitchbnrg. 


Stoddard, Joseph G., 


Orange. 


Lincoln, William E., 


Warren. 


Davis & Dyer, 


Plymouth. 


Mercer, Edwin, 


Boston. 


Hayden, Chas. F., . 


Plymouth. 


Medcalf. William, . 


Ware. 


Maiden, Lewis W., 


Salem. 


Mason, William H., 


Fall River. 


Powers, James D., . 


Shelburne Falls. 


Morris & Farrington, 


Monson. 


Gunn, Frank L., 


Springfield. 


McCloud, B. M., . 


Amherst. 


Severy, J. E., . 


Springfield. 


Norwood, John K., 


Lawrence. 


Wells, James, 


Springfield. 


Phillips, Elisha M., 


Southbridge. 


Boy n ton, Clarence T., . 


S. Framingham. 


Pease, Moses II., . 


Lee. 


Morse, Herbert 0., 


Taunton. 


Pratt, Ambrose E , 


Sandwich. 


IIartwell,Miss Harriet L., 


Waltham. 


Robinson, It. B., . 


West tie Id. 


Barnes, Joseph L., . 


W. Brookfield. 


Richardson, 0. P., Jr., . 


Attleborongh. 


Pratt, Frederick A., 


Westborough. 


Stevens, C. Q., & Son, . 


Clinton. 


i Bryan, Edward C, 


Westfield. 


Stevenson, J. M., & Co., . 


Pittsfield. 


Wlieeler, Geo. F., . 


Boston. 


Stratton, Daniel W., 


Hudson. 


White, James G., . 


Boston. 


Spring, John F., 


Greenfield. 


Fish, Nelson II., 


Boston. 


Turner, John If., . 


Northampton. 


Nepham, Thos. E., 


Newton. 


Underwood, Porter, 


Holyoke. 


Clucas, Henry, Jr., 


Saugus. 


Van Campen, Hiram, . 


New Bedford. 


Gilbert, E. F., 


Cambridgeport. 


Walker, Oliver, 


Northampton. 


Tozzer, S. C, . 


Lynn. 


Wright, Frank H., 


Gt. Harrington. 


Albcc, F. W., . 


Waltham. 


Walden, Rufus G., . 


North Adams. 


Field, Geo. II., 


Quincy. 


Wilson, Chas. T., . 


Fitchbnrg. 


Ewell, Wm. Walter, 


Quincy. 


Woleott, C. B., 


Holyoke. 


Hyde, W. L , . 


Salem. 


Smith, Frank A., . 


No. Brookfield. 


Houghton, Irving B., 


Williamstown. 


Adams, Edward F., 


Haverhill. 


Gay, John W., Jr., . 


Win eh en don. 


Allen, Justus E., . 


Worcester. 


Lancaster & Steede, 


Worcester. 


Barnes, William, . 


Marlborough. 


Church, W. H., & Co., . 


Worcester. 


Briggs, Andrew S., 


Taunton. 


Ruggles, Chas. M., . 


Worcester. 


Bush, Horace W., . 


W. Brookfield. 


Rawson, Oscar F., . 


Worcester. 


Brown, B. F., & Sons, . 


Charlestown. 


Abbe, E. W., . 
Holman, R. N., 


Boston. 


Collins, T. C, 


Middleborough. 


Middlebury. 


Church, H. C, & Son, . 


Lowell. 


Holman, C. Fred., . 


Middlebury. 


Chase, William E., 


Newburyport. 


Moore, Walter, 


Lowell. 


Clark, William B., . 


Dalton. 


Howard, Chas. W., 


Maiden. 


Collins, Michael B., 


Turner's Falls. 


Jenks, R. M., . 


Boston. 


Dunn cSc Dunn, 


Gardner. 


Turner, George C, 


Bradford. 


Follanshee, H. L., . 


Gloucester. 


Donald, J. Walter, . 


Boston. 


Farwell, R. E., & Son, . 


Natick. 


Cornish, I. S., & Son, 


New Bedford. 


Fullerton, C. D., & Co., 


Brockton. 


Sawyer, Howard B., 


Salem. 


Turner, Arthur, 


Ayer. 


Currier, Festus C, & Son, 


Fitchburg. 


Freeston, William, 


Springfield. 


i Chapin, Walter S.,. 


Gardner. 


Frost, Nicholas, 


Lancaster. 


Gibbs, Olin E., 


Gt. Barrington. 


Gilmore, Homer G., 


Springfield. 


1 Fish, Chas. J., 


Greenfield. 


Gilmore, W. H. P., 


Turner's Falls. 


Hooke, Daniel, 


Haverhill. 


Hatch & Woodman, 


Boston. 


Tapley, Arthur C, . 


Haverhill. 


Hammond, John C, 


Taunton. 


Ward, Wm. W., . 


Holyoke. 


Hayden, Chas. L., . 


So. Deerfield. 


Miller, Chas. K., . 


Lawrence. 


Howard, Chas. H., 


Westborough. 


Cushinjj, H. H., 


Lawrence. 


Howland, E. Harris, 


Spencer. 


Nye, William L., . 


Lee. 


Milligan, W. R., . 


Palmer. 


Prescott, Frederick D., . 


Leominster. 


Johnson, Waldo, . 


Webster. 


Miller, Geo. W., . 


Lowell. 


Judd & Parsons, . 


Holyoke. 


Caswell, Alden Y., 


Lowell. 


Kimball, Nathan, . 


Haverhill. 


Davis, Albert A., . 


Lynn. 


Kirbv, Chas E., 


Fitch burg. 


Boardman & Ingalls, 


Lynn. 


Lyman, Herbert, . 


Westfield. 


Newhall, Israel A., 


Lynn. 


Brigham, Eugene 0., 


Marlborough. 


Hannan, John H., . 


Maiden. 


Mullane, James L., 


Mil ford. 







316 AGENTS AND SUB-AGENTS. [Dec.31,'88. 

UNION MUTUAL LIFE INSURANCE CO., Portland, Me. 



Names. 


Residence. 


Names. 


Residence. 


Currier, Israel C, . 


Worcester. 


Davignon, Amidee, 


Chicopee. 



UNITED STATES LIFE INSURANCE CO., New York. 



Pitman, Luther G.,* 


Boston. 


Putnam, Henry W., 


Salem. 


Matbison, A.,* 


Springfield. 


Duplessis, Thos., . 


Chicopee. 


Waite, L. Rosser,* 


Springfield. 


Foote, Oscar, . 


Boston. 


Curtis, Albert H., . 


Boston. 


Hamlin, I. S., 


Haverhill. 


Shaw, William, 


Boston. 


Sims, Andrew J., . 


Braintree. 


Ilunnewcll, John L., 


Boston. 


Allen, Haskell H., . 


Springfield. 


Booth, CM.,. 


Springfield. 


Longdyke, Luke, . 


Boston. 


Pitman, Benjamin, 


Lynn. 







VERMONT LIFE INSURANCE CO., Vermont. 



Carter, C. W.,* 


Boston. 


Smalley, H. T., 


South Boston. 


M May, Geo. A.,* . 


Taunton. 


Miles, Chas. E., 


Boston. 


Gilbert, Lawrence C, . 


Springfield. 


Croft, William, 


New Bedford. 


Slinn, John, . 


Fall River. 


Palmer, H. C, 


New Bedford. 


Hudson, H J. B., . 


Lynn. 


McEUigot, x\I. J., . /. 


Peabody. 


Magwood, R. H., . 


Boston. 


Fogg, Julian A., . f . 


Salem. 


Barnard, Geo. G., . 


East Boston. 


Robichean, Wm. J., 


Winthrop. 


Jones, Francis, 


Boston. 


Yetten, J. H., 


Waltham. 


RoclifFe, Wm., 


Fall River. 


Burke, E. E., . 


Pittsfield. 


Waljen, Charles, . 


Whitinsville. 


Taylor, Anselm, 


Somerville. 



WASHINGTON LIFE INSURANCE CO , New York. 


Holden, Charles W.,* . 


Boston. 


Salter, R. H., . 


Boston. 


Holden, John P. * . 


Maiden. 


Veazie, Warren, 


Dorchester. 


Fisher, Fred. L.,* . 


Medway. 


Winn, John S., 


Boston. 


Sproat, Alfred B.*. 


Taunton. 


Wheelwright, Mrs. M. N., 


Newton. 


Chamberlain, Prescott, . 


Chelsea. 


Young, Wm. S., 


Chelsea. 


Dunham, Henry E., 


Chelsea. 


Sleeper, A. M., 


Springfield. 


Gifford, Moses N., . 


Provincetown. 


Spooner, Walter H., 


Dorchester. 


Kendrick, E. P., . 


Springfield. 


Dunham, Frank E., 


Chelsea. 


Lovett, Henry H., . 


Boston. 


Randall, W. J., . 


Boston. 


My rick, A. M., 


Boston. 


Southworth, Fred., 


Brockton. 


Quigley, E. L., 


Boston. 







INDEX. 



317 



INDEX TO COMPANIES. 



[For Index to General Topics and Tables, see Table of Contents prefacing the 
Commissioner's Report.] 



LIFE, ACCIDENT AND GUARANTEE COMPANIES. 

Page 

Accident Insurance Company of North America 165 

.Etna Life, xiii, 37 

American Mutual Liability, 166 

American Steam Boiler, 168 

American Surety Company 171 

Berkshire Life, 3 

Connecticut General Life, 48 

Connecticut Mutual Life, 52 

Continental Life, Hartford, xv 

Employers' Liability, 173 

Equitable Life 57 

Fidelity and Casualty 174 

Germania Life, 63 

Guarantee Company of North America, 178 

Hartford Steam Boiler, 180 

Home Life 68 

John Hancock Mutual Life 7 

Lloyds Plate-Glass, 183 

Manhattan Life, 73 

Massachusetts Hospital Life, 13 

Massachusetts Mutual Life, 14 

Massachusetts Title Insurance Company, . . 185 

Metropolitan Life, 82 

Metropolitan Plate-Glass, 186 

Mutual Life, 86 

Mutual Benefit Life, 99 

Mutual Boiler, Boston, . 187 

319 



320 INDEX TO COMPANIES. 

• 

Tage 

National Life, 107 

New England Mutual Life, 21 

New York Life, . 112 

Northwestern Mutual Life, 119 

rcnn Mutual Life, 123 

Phoenix Mutual Life xi 

Provident Life and Trust, 129 

Provident Savings, 134 

Standard Life and Accident, 189 

State Mutual Life, . 28 

Travelers' (Life Department), 137 

Travelers' (Accident Department), . . . 190 

Union Mutual Life, 143 

United States Life, 150 

Vermont Life, 155 

Washington Life, 158 



ASSESSMENT LIFE AND CASUALTY INSURANCE COMPANIES. 

American Mutual Life, :\ xxv 

Bankers' Life Association (St. Paul), 225 

Bay State Beneficiary Association, 197 

Berkshire Health and Accident, 199 

Boston Fraternal Accident, 200 

Chelsea Reserve Fund Association, 201 

Commonwealth Life and Accident Association, xxiv 

Covenant Mutual (Illinois), 227 

Eastern Associates, xxiv 

Equitable Mutual Relief Society xxiv 

Fidelity Mutual Life Association, 229 

Fraternal Accident Association of Improved Order of Red Men, . . . 202 

Fraternal Aid, xxiv 

Hartford Life and Annuity Company, 231 

Home Benefit Association, 233 

Home Mutual Aid, xvii 

Home Relief Association, 203 

Life and Reserve Association, 235 

Massachusetts Benefit Association, 205 

Massachusetts Mutual Accident Association, 207 

Massachusetts Mutual Aid, 209 

Massachusetts Relief Association, xxiv 

Massachusetts Safety Fund Association, xvii 

Massachusetts Standard Benefit Company, xxvi, Appendix 

Mercantile Mutual Accident Association, 211 

Mutual Benefit Life Association (N. Y.), 237 

Mutual Reserve Fund Life Association (N. Y.), 239 

National Life and Maturity Association, 242 

New England Live Stock, 213 

New England Mutual Accident Association, 214 

New England Mutual Aid, 216 

New England Relief Association, 218 

Northwestern Masonie Aid Association, 244 

Ohio Valley Life Company, 246 



[NDEX TO COMPANIES. 



321 



People's Benefit Association 

Postmasters' Union 

Provident Mutual Association, . 

Provident Fraternity, . 

Union Mutual Benefit Association, 

United states Mutual Accident Relief Company, 

Western Union Mutual Life Society of the United States, 



Page 
XXV 

xxiv 
xxv 

XXV 

220 
xxvi 

248 



Sec note, 



M.ITI INSURANCE SOCIETIES. 
Masonic. 
Boston Masonic Mutual Benefit Association, .... 
Connecticut Valley Masonic Relief Association. See note, page 
Eastern Massachusetts Masonic Mutual Relief Association, . 
s County Masonic Mutual Relief Association, . 

Lawrence Masonic Mutual Relief Association 

Masonic Mutual Relief Association of Central Massachusetts, . 
Masonic Mutual Relief Association of Western Massachusetts 
Masonic National Health and Accident Association, 

Masons Fraternal Accident Association 

Massachusetts Masonic Accident Association, . 

Massachusetts Masonic Mutual Relief Association, . 

Right Ann Masonic Mutual Relief Association of County of Barnstable 

Southern Massachusetts Masonic Mutual Relief Association, 

South Shore Mutual Masonic Association, . 

Suffolk Masonic Mutual Relief Association, 

Union Masonic Mutual Relief Association, 

United States Masonic Accident Association, . 



page 



286, 292 
293 
286, 292 
286, 292 
286, 292 
286, 292 
293 
286, 292 
286, 292 
286, 292 
286, 292 
286, 292 
286, 292 
286, 292 
286, 292 
286, 292 
286, 292 



Odd Fellows. 

Daughters of Rehekah Mutual Benefit Association, .... 

New England Provident Association I. 0. 0. F., 

Odd Fellows Beneficial Association of State of Massachusetts, 

Odd Fellows Fraternal Accident Association, 

Odd Fellows Mutual Benefit Association of Charlestown District, . 
Odd Fellow* Mutual Benefit Association of Chelsea, 
Odd Fellows Mutual Benefit Association of Dorchester, . 
Odd Fellows Mutual Benefit. Association of Essex North, 

Odd Fellows Mutual Benefit Association, Lowell 

Odd Fellows Mutual Benefit Association of Lynn, .... 
Odd Fellows Mutual Relief Association of Cambridge, . 
Odd Fellows Mutual Relief Association of Connecticut River Valley, 
Odd Fellows Mutual Relief Association of Worcester County, 
Provincetown Odd Fellows Mutual Benefit Association, . 



. 287, 293 

. 287, 293 

. 287, 293 

272, 287, 293 

. 287, 293 

. 287, 293 

. 287, 293 

. 287, 293 

. 287, 293 

. 287, 293 

. 287, 293 

. 287, 293 

. 287, 293 

. 287, 293 



Other Secret. 

American Legion of Honor 259, 287, 293 

American Order of Druids, 287, 293 

Ancient Order United Workmen, 260, 287, 293 

Bunker Hill K. of P., . 287, 293 

Chevaliers of Pythias, 287, 293 

Equitable Aid Union, 262, 288, 294 

Foresters — Court Cabot, 288, 294 

Foresters — Court North Star, . 288, 294 

Golden Rule Alliance, . 263, 288, 294 

Gold.en Cross, United Order of, 283, 289, 295 



322 



INDEX TO COMPANIES. 



I'ACE 

Good Fellows, Royal Society of, 281, 289, 29.") 

Home Circle 265, 294 

Independent Fraternal Union 28S, 294 

Iron Hall, xxxiii, 273, 288, 294 

Knights and Ladies of Honor, .... ... 267, 288, 294 

Knights and Ladies of Protection, ... 288, 294 

Knights of Honor, 269,288,294 

Massachusetts United Benevolent Association, 288. 294 

Mystic Brothers, Independent Order of, ... . ... 288, 294 

New England Order of Protection, 288, 294 

Northern Legion . 288, 294 

Northern Mutual Relief Association, 288, 294 

Pilgrim Fathers, 284, 289, 295 

Red Men's Fraternal Accident Association of America, 289, 

Royal Arcanum, 279, 289, 295 

Royal Conclave Knights and Ladies, 289, 295 

Sons of St. George, Friendship Lodge, .... ... 288, 294 

Tonti, Order of, 275, 288, 295 

United Fellowship 289, 295 

United Friends, 277, 289, 295 

Young Men's Protestant Temperance and Benevolent Society of New Bedford, 28',', 



All Other. 

Boston and Maine Railroad Relief Association, 

Boston Firemen's Mutual Relief Association, .... 

Boston Fraternity League, 

Boston Fruit and Produce Exchange, Beneficiary Association of, 

Boston Police Relief Association, 

Bristol County Mutual Aid Society, 

Cambridge Benevolent Association, 

Cambridge Police Mutual Aid Association, .... 

Chelsea Mutual Benefit Association, 

Clinton Firemen's Relief Association, . ... 

Columbian Mutual Benefit Association, 

Franklin Mutual Benefit Association, 

Glenmere Mutual Benefit Association, 

Lynn Mutual Benefit Association, 

Mechanics' Mutual Aid Society, 

Methodist Ministers' Relief Association, 

Metropolitan Mutual Aid Association, 

Middlesex and Worcester Farmers' and Mechanics' Association, 

Milford Mutual Relief Association, . • 

New England Commercial Travelers', 

New England Railway Passenger Conductors' Benefit Association 
Old Colony Railroad Benevolent Association, .... 

Peabody Mutual Benefit Association, 

Plymouth Mutual Benefit Association, 

Relief Association of Lynn Fire Department, .... 

Relief Association of the Maiden Fire Department, . 

Sagamore Mutual Benefit Association, 

Salem Mutual Benefit Association, 

Somerville Police Relief Association, 

Sons of Veterans' Benefit Association, 

Warren Fraternal Benefit Association, 

Wenham Mutual Benefit Association, 

Winchester Mutual Benefit Association, 



289 
289 
289 
289 
289 
289 
289 
289, 
289 
290 
290 
290 
290 
290 
290 
290 
290 
290 
290 
270, 290 
290 
290 
290 
290 
290 
290 
291 
291 
291 
291 
291 
29] 
29] 



295 
295 
295 
295 
290 
295 
295 
295 
296 
296 
296 
296 
296 
296 
296 
296 
296 
296 
296 
296 
296 
296 
296 
296 
297 
297 
297 
297 
297 
297 
297 

297 
297 



;